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Explain any 3 points of importance of public sector in our society?

Posted by Pranjal Budhiraja 6 years, 4 months ago

CBSE > Class 10 > Social Science

1 answers

Yogita Ingle 6 years, 4 months ago

1)The public sector provides many essential things at quite a reasonable cost which the private sector cannot.
2)The public sector has the benefit of the people above everything because its purpose is not to earn profits but to benefit the people at all costs.
3)The public sector can set up heavy industries, which require a lot of money, but private sectors cannot do do.
4)The public sector is mainly held by the government, which so often bears some of the cost for the benefit of the public,especially for poor people.

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CBSE > Class 10 > Social Science