Question

Define the public sector? Explain any three demerits.

Answer 1

Answer:

Public Sector Held by Group of people Or individual

Demerits of public Sector are

Difficult to manage.

Risk of producing inefficient products.

Financial burden.

Political interference.

Misuse of power.

Consumer interests ignored.

Expensive to maintain and operate.

Anti-social activities, i.e., charging too much for a product.