Question

In which of the following sectors does the government own most of the assets and assume responsibility for delivering them?

[0.8 marks]

• A. Public sector
• B. Private sector
• C. Service sector
• D. Unorganised sector

Answer 1

The correct option is A Public sector

Economic activities are classified into private and public sectors, based on the ownership of assets and responsibility for the delivery of services. In the public sector, the government owns most of the assets and assumes responsibility for delivering services. In the private sector, the ownership of the assets and the delivery of services rest with private entities.