Question

Why are state owned industries called public sector industries?​

Answer 1

Answer:

The sector owned by state or central government is called Public sector. This sector exists to provide services to its citizen and do not seek to generate a profit. The main aim included is to maximize the social welfare.

Answer 2

Answer:

The sector owned by state or central government is called Public sector. This sector exists to provide services to its citizen and do not seek to generate a profit.

Explanation:

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