Why is public sector required to provide certain tngs at reasonable rate?
Answers
a. There are many services like railways, generating electricity, construction of roads, bridges 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. Hence it is the, Public sector that steps in to provide such services.
d. The main aim of the government sector is to ensure welfare and not make profit, it thus provides basic services like health, education, medical, fair price shops which can be within everybody's reach and that its benefits can reach out to more and more people.

Rahul Singh answered this
the public sector required to provide certain things at reasonable cost because :-
I) Aim of public sector is not to earn profit but it is consider to the social benefits
ii) Various things needed by the society as a whole but the private sector will not be able to provide at a reasonable price
iii) large sums of money which is beyond the capcity of private sector
iv) the government have to undertake such heavy spending

Harsha answered this
Thank u
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Answer:
Explanation:
There are many services like railways, generating electricity, construction of roads, bridges require huge capital investment which are at times beyond the capacity of private sector, therefore, public sector takes over.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.
Hence it is the, Public sector that steps in to provide such services.
The main aim of the government sector is to ensure welfare and not make profit, it thus provides basic services like health, education, medical, fair price shops which can be within everybody's reach and that its benefits can reach out to more and more people.
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