Explain the reasons for private sector not been able to provide services
at a reasonable cost.
Answers
Explanation:
1 Answer. Society needs many things as a whole which the private sector is not able to provide at a reasonable cost. ... (ii) The private sector charges are very high whereas the government will charge reasonably. (iii) Without government's encouragement and help, the private sector can't enter into such services.
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Answer:
Explanation:
Private Sector has not been able to provide Services at a reasonable Cost because :-
i) Private Sector does not any Taxes or Financial support from Government for the Manufacturing of Goods.
ii) Private Sectors provides high Quality Services which Involbes higher Expenses and hence the Cost increases.
iii) Private Sector has to make a larger investment from hand for Creating the Services and hence needs to Charge for the Services they offer to maintain their Profit .