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Question
In which sector does the government own the most assets and assume the responsibility of delivering services?
In which sector does the government own the most assets and assume the responsibility of delivering services?
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Solution
The correct option is A Public sector
On the basis of ownership of assets and responsibility of the delivery of services, economic activities are classified into private and public sectors. In the public sector, the government owns most of the assets and assumes responsibility for the delivery of services. In the private sector, the ownership of assets and the delivery of services rest with private entities.
On the basis of ownership of assets and responsibility of the delivery of services, economic activities are classified into private and public sectors. In the public sector, the government owns most of the assets and assumes responsibility for the delivery of services. In the private sector, the ownership of assets and the delivery of services rest with private entities.
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