How far is it correct to say that several services which cannot be provided by private sector can be provided by public sector?
sneha92113:
Okk
I am from Punjab
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I am in 10th
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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.
b. 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.
c. Public sector also steps in to provide assistance to small scale units. For example, providing cheap credit, electricity at affordable price.
hope it helps u mate...
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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.
b. 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.
c. Public sector also steps in to provide assistance to small scale units. For example, providing cheap credit, electricity at affordable price.
hope it helps u mate...
pls mark me brainliest
Answered by
8
✌️THERE ARE SERVICES LIKE RAILWAYS, GENERATING ELECTRICITY...
PRIVATE SECTORS...
IT IS CONTROLLED BY INDIVIDUALS (OR)GROUPED OF INDIVIDUAL.
PRIVATE SECTORS IS ENGAGE IN THESE SERVICES THEY WILL NOT BE ABLE TO PROVIDE
THEM AT RESONABLE COST AND DOES NOT EVERYBODY BUY IN AVAIL ITS BENIFITS.....
PUBLIC SECTORS...
PUBLIC SECTORS IS CONTROLLED BY GOVERNMENT...
PUBLIC SECTORS ALSO STEPS IN TO PROVIDE ASSISTANCE TO THE SMALL SCALE UNITS. FOR EXAMPLE:PROVIDING A CHEAP CREDIT , ELECTRICITY AT AFFORDABLE PRICES....
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