Question

Write short Notes on the following.

Changing role of public sector.

Answer 1

A public sector enterprise is the one whose ownership is controlled by the central or the state government. The following points highlight the changing role of the public sector.
i. The main objective of public sector is to promote social welfare and development.
ii. They offer various services at affordable prices to the citizens of a country.
iii. They are able to undertake large scale projects as they have huge capital in hand.
iv. Many services like power, railways, roads and communication are generally provided by the public sector.
v. They help in earning foreign exchange.