Give a few examples of public sector activities and explain why government has taken them up
Answers
Answer:
PUBLIC SECTOR ACTIVITIES ARE THOSE SECTORS WHICH LOOK AFTER THE NEEDS REQUIRED BY THE CITIZENS.
IT INCLUDES WATER SECTOR , ELECTRICITY AND OTHER MODES OF TRANSPORT .
GOVERNMENT HAS TAKEN UP SUCH SECTORS TO DECREASE THE RATE OF UNEMPLOYMENT AND FOR THE EASE OF THE CITIZENS.
EXAMPLES
RAILWAY,MEDICATIONS,MEANS OF TRANSPORT .
AT VERY CHEAP RATES
Explanation:
Answer:
Providing health and education facilities, construction of roads, bridges, railways, harbours, generating electricity, providing irrigation through dams are some of the public sector activities.These activities are the primary responsibility of the government.
These activities need spending of large sums of money, which is beyond the capacity of the private sector. Also, collecting money from thousands of people who use these facilities is not easy. Even if they do provide these things they would charge a high rate for their use. So governments have to undertake heavy spending and ensure that these facilities are available to everyone.
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