why is the public sector required to provied certain things at a reasonable cost ?
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The purpose of the public sector is not just to earn profits but to think about the social benifits also. ... Some of these require large sums of money to be spent, which is beyond the capacity of the private sector.
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The purpose of the public sector is not just to earn profits but to think about the social benifits also.
The purpose of the public sector is not just to earn profits but to think about the social benifits also.There are several things needed by the society as a whole but which the private sector will not be able to provide at a reasonable cost.
The purpose of the public sector is not just to earn profits but to think about the social benifits also.There are several things needed by the society as a whole but which the private sector will not be able to provide at a reasonable cost.Some of these require large sums of money to be spent, which is beyond the capacity of the private sector.
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