Question

Explain any three points of importance of public sector in our society

Answer 1

1)The public sector provides many essential things at quite a reasonable cost which the private sector cannot. 2)The public sector has the benefit of the people above everything because its purpose is not to earn profits but to benefit the people at all costs. 3)The public sector can set up heavy industries, which require a lot of money, but private sectors cannot do do. 4)The public sector is mainly held by the government, which so often bears some of the cost for the benefit of the public,especially for poor people.

Answer 2

1. The government has main intentions of providing basic services to people than profits.

2. The government supports the people to build the heavy machinery whose costs are sometimes beared by government.

3. There are variety of activities that are to be fulfilled by public sector such as education, health, banking, etc.

4. for example - The government in INDIA buys daily eating items from farmers at high costs and sells at a reasonable cost to ration shops, provides government schools, hospitals, etc.

examples of public sector - railways, post office, etc.