0
Can the private sector meet all the needs of citizens of our society?
Wiki User
∙ 6y agoWant this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
Why do governments fulfill some of society's needs such as education health-care or mass transit?
Some governments fulfill some of society's needs such as education, health care, and mass transit so that all members of the society can participate. These are public services and the private sector doesn't always provide them. It is often not profitable for the private sector to provide these services, so governments step in. For example, some bus routes might not have enough passengers to make a profit, but people still need it. A company won't want to run a loss making service, so the government does it instead, or will at least subsidise the service to encourage private operators to do it.
What is the household sector?
The household sector includes the entire population of society. It includes all of the consumption-seeking members of society--the entire population. It IS society. In effect, the economy exists to satisfy the wants and needs of the household sector.Members of the household sector also own all of the factors of production, all resources. Every resource, every worker, every factory, every acre of land, every risk-taking entrepreneur is owned by someone in the household sector. This means that the other two domestic sectors--business and government--exist to satisfy the wants and needs of the household sector.
What are the two sectors model economy?
The two sector model consists of the: Household Sector: The household sector includes everyone in an economy who consumes goods and services. Business Sector: The business sector contains the private, profit-seeking firms in the economy that combine scarce resources into the production of wants-and-needs satisfying goods and services.
Meaning of cooperative sector in Indian economy?
The cooperative sector can be defined as that sector of the economy carried out by cooperatives, defined by the International Cooperative Alliance as "autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly-owned and democratically-controlled enterprise." The cooperative sector is distinguished from the state or public sector, which is carried out by the State and its instrumentalities including public corporations, and to the so-called private sector, which is carried out by private individuals and organizations.
What does the statutoy sector provide?
The statutory sector provides essential public services that are mandated and funded by the government. This includes services such as healthcare, education, social services, and law enforcement, among others. The statutory sector plays a critical role in meeting the basic needs of society and ensuring the well-being of its citizens.
What is the term used when a public sector business is bought by a private individual?
When a Public Sector Enterprise (majority share owned by government) is taken over by a private individual or private organization, it is called 'Divestment'. In fact, Private Companies do not 'buy out' public sector companies. They can do so only if a government decides to 'divest' its stake and raise some funds out of it. Generally, governments decide to divest if: a) It cannot run a business successfully, b) It needs to generate funds for other social causes.
Can lack of universal health care coverage can raise the cost of health care?
Of course, if there is universal health care, there is no reason for people to use the private sector (aside from crowding, etc), and even then the private sector needs to dramatically lower their prices to remain "competitive", although I don't know how you can compete with free.
In the light of existence of market failure can the operatons of museum be left to the private sector?
The contents of a museum belong to the public for their contribution to culture, even if the pieces themselves are privately owned. If the failure of a museum will mean loss of the artworks, then the public sector needs to step in. If the private entity can save the artwork, then they should be allowed to do so.
How can you find pilot jobs online?
The aviation industry can be very difficult to get into at the moment; however there are many private sector pilots that are needed for commercial flights. Many corporate companies are hiring private pilots for their business associates needs.
How does governmets meet the needs of their citizens?
how does governments try to meet the needs of their citizens
Does the area of a sector depend pi?
The area sector of a circle needs pi to work it out.
What might be the consequences to individual and society of too great an emphasis on the common good at the expense of individual rights?
There has to be both a consideration for the common good and individual rights. To have a government meet the needs of all citizens it must consider the common good of the society. To only address individual needs would mean that some citizens are left out of the political process.
