Question

Identify and write the wrong pair and rewrite the correct one A. Public sector – Controlled and managed by government
B. Mixed Economy – Coordination in private and public sector
C. 20 Points programme – Nationalisation of 13 Textile mills
D. Increased oil prices – Invasion of Kuwait by Iraq ​

Answer 1

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.

Explanation:

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