Question

Identify the sector of the economy on the basis of ownership with the help of following information:

The government owns most of the assets. Delivery of services in the hands of government. Fair price shops is an example of it.

विकल्प

• Private Sector

• Public Sector

• Joint Sector

• Cooperative Sector

Answer 1

Public Sector

Explanation:

The government owns assets and manages critical services directly, which defines the public sector. Unlike the private sector, which is motivated by profit, the public sector’s primary purpose is to promote social welfare and public benefit. Fair pricing stores (ration shops) are a classic example of government-run organisations that supply subsidised food and necessities to the general public.