Question

______ sector works for the maximisation of profit whereas the ______ sector work for social welfare.

पर्याय

• Public, private

• Private, public

• Private, joint

• Joint, private

Answer 1

Private sector works for the maximisation of profit whereas the public sector work for social welfare.

Explanation:

The private sector primarily works for the maximisation of profit. It consists of individuals and businesses that aim to earn profits through their activities. Examples include companies like Tata Iron and Steel and Reliance Industries. In contrast, the public sector is owned and managed by the government, with its main motive being social welfare, focusing on public service rather than profit.