0
Public sector is fully owned and controlled by the government.these are also known as cooperatives.various goods and services are the needs of public at the cheapest rates,so the government makes a strong hold over them e.g electricity is controlled and provided by the government because if there is a monopoly created by the private individuals,so they would charge the max price to maximize their profits.moreover health and education is complementary on every individual.so it is provided to them at the cheapest rates by the government.
What else can I help you with?
What are the objectives of public sector?
1.Ensure the essential goods and services are available for everyone equally; 2.Provide the goods and services that are too important for the security of the country; 3.Provide goods and services that cannot be provided by the private sector.
Is Burger King a Public sector?
No. "Public sector" relates to jobs, industries or services provided and funded by the state.
What attributes are appreciated within the public service sector?
The attributes that are appreciated within the public service sector are great customer service and patience when people require services such as gas, water or electricity. Being knowledgeable about either of these or any other services provided by the public sector is a great asset.
Explain why some goods and services are provided by the public sector in your country?
Public sector is fully owned and controlled by the government.these are also known as cooperatives.various goods and services are the needs of public at the cheapest rates,so the government makes a strong hold over them e.g electricity is controlled and provided by the government because if there is a monopoly created by the private individuals,so they would charge the max price to maximize their profits.moreover health and education is complementary on every individual.so it is provided to them at the cheapest rates by the government.
What is the three industrial sectors?
The Primary Sector - Where raw materials are grown, extracted or mined. The Secondary Sector - Where materials are processed and turned into goods. The Tertiary Sector Where services are provided to the public and other businesses.
Aim of a public sector business?
The aim of a public sector business, is to make profits just like the private sector. Public sector is run by the government on behalf of the public and mostly offer government services.
What is the difference between private sector public sector?
A private sector in an economy is made up of all businesses and firms owned by ordinary members of the general public. It also consist af all the private households in which people lives..,whereas, public sector in an economy is owned and controlled by a government . It consist of government businesses and firms ,and goods and services provided by the government,such as the national health service, state education, jobs, roads, public parks and law and order. It also has something to do with 1.
How do the objectives of public sector activities often differ from those of the private sector?
In the public sector, most of the services and production is aimed at making the lives of the public better and not really about profit making. Public sector also seeks to meet demand for services that would be impossible for one private sector investor to profitably provide.
What are the services offered by the American Health Care?
There are many different services offered by the American Health Care. One service of which is very common is that health insurance for public sector employees is provided by the government.
Compare and contrast public sector and private sector?
The public sector provides services that would ordinarily be too expensive for an individual investor to provide. The private sector is however open for any producer or investor to provide competitive services to make a profit.
What is the tertiary sector?
In tertiary sector no production is done only the services are provided such as transport , banking , communication etc. And this sector is also called service sector.
Objective of public sector accounting?
1.Ensure the essential goods and services are available for everyone equally; 2.Provide the goods and services that are too important for the security of the country; 3.Provide goods and services that cannot be provided by the private sector.
