what is public sector
Answers
Answer:
the part of an economy that is controlled by the state.
Explanation:
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Answer: The public sector is also known as the state sector. It is the part of the economy that is composed of both public welfare services and public business enterprises.
Explanation:
1. Public sectors include the public goods and services and government forces such as the military force, law enforcement, proper infrastructure, public transit, education, public health care, and those who are working for the government itself, such as elected parties.
2. The public sector provides services that a non-payer cannot get excluded suppose street lighting, services that provide benefit all of the whole society rather than just the sole person who uses the service.
3. Public enterprises are self-financed commercial enterprises that are under public ownership which provide various own goods and services for sale and always operate on a commercial type basis.