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Question
Write a short note on Private sector.
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Solution
- The segment of a national economy that is owned, controlled, and managed by private individuals or enterprises is known as the Private sector.
- The private sector companies are divided on the basis of sizes.
- They can be created in two ways, i.e. either by the formation of a new enterprise or by the privatization of any public sector enterprise.
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RELATED QUESTIONS
The main function of private sector is to create ______ and ______.
- The Industries which would be exclusively owned by the state are referred to as Schedule-A
- The industries in which the private sector could supplement the efforts of the state sector, with the state taking the sole responsibility for starting new units which are specific in Schedule-B.
- The remaining industries which were in the private sector are not mentioned in the Schedule.
The city which provides the city with many facilities like hospitals, schools, and facilities are called ______.
Example for export Promotion Earning industry is ______.
The Joint sector companies – Example ______.
The sector, which is engaged in the activities of providing government goods and services to the general public is ______.
Though the public sector and private sector work together for developing the country, they have ______ goals and motives.
What is Schedule-A?
Citing reasons, evaluate the performance of private sector over public sector enterprises in the following case:
Managerial efficiency.
Citing reasons, evaluate the performance of private sector over public sector enterprises in the following case:
Attention towards consumer satisfaction.
