Question

Why State owned industries
are called public sector
industries​

Answer 1

Answer:

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

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.

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