Question

Why is the public sector required to provide certain things at a reasonable cost?

Answer 1

1. Public sector is socialistic in nature
2. Public sector is welfare oriented
3. Not profit oriented
4. In Health, education, transport sectors, Public sector plays a major role to provide services at affordable cost
5. Public sector spreads to interior parts of the country for regional development.
6. Public sector is development oriented
7. Private is profit oriented, capitalistic in perspective which cannot serve at reasonable cost for huge number of people in a country.