Question

How far is it correct to say that several services which cannot be provided by private sector and can be provided by the public sector? Explain.

Answer 1

Society needs many things as a whole which the private sector is not be able to provide at a reasonable cost. The reasons are as follows :
(i) Some of them need spending large sum of money which is beyond the capacity of the private sector.
(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.
For example, areas where the government must spend for the welfare of the people are :
(i) Providing health and education facilities by building proper schools.
 (ii) Providing proper food to tackle the problem of malnourishment

Answer 2

Hope it helps you

(i)There are services like railways, generating electricity, construction of roads, bridges that require huge capital investment which are at times beyond the capacity of private sector, therefore, public sector takes over.

(ii)Even if private sector engage in these services they will not be able to provide them at reasonable costs and thus not everybody could afford it and avail its benefits.

(iii)Public sector also steps in to provide assistance to small scale units. For example, providing cheap credit, electricity at affordable price.