What is the main objective of public sector class 10?

What is the main objective of public sector class 10?

Answer: An important objective of public enterprises is to prevent concentration of economic power and growth of private monopolies. Public sector helps the Government to enforce social control on trade and industry for ensuring equitable distribution of goods and services.

What are the objectives of public sector and private sector?

The main objective of the private sector is to earn profits and become a leading organization in their line of business. The business has to share its information online to attract a large pool of potential customers. Most of the business websites operate on intranets and extranets.

What are the objectives of public sector undertakings?

Objectives of Setting up Public Sector Unit (PSU)

• To create an industrial base in the country.
• To generate a better quality of employment.
• To develop basic infrastructure in the country.
• To provide resources to the government.
• To promote exports and reduce imports.

What are the three objectives of public sector?

The three objectives of public sector enterprises are:

• Balanced regional development.
• Employment generation.
• Balanced concentration of wealth and economic power.

What are the three objective of public sector enterprises?

Important objectives of public sector enterprises are: Balanced regional development: The government focuses on reduced regional inequalities by establishing public enterprises at economically backward regions. Balanced concentration of wealth and economic power: Private sector works on the agenda of profitability.

What are the main objectives of private sector?

(i) Private sector has some clear cut objectives. The main objective is to maximise profit. (ii) Private sector plays an important role to reduce budgetary deficit of India. It helps the government to curtail the public expenditure.

What are the main objective of starting an industry in the private sector?

The private sector has a goal of making money and employs more workers than the public sector. A private sector organization is created by forming a new enterprise or privatizing a public sector organization. A large private sector corporation may be privately or publicly traded.

What are the main objectives of public enterprises?

Origin of Public Enterprises

• accelerate the rate of economic growth.
• speed up industrialization, especially the development of heavy industries.
• expand the public sector and build a large co-operative sector.
• improve infrastructural facilities.
• ensure balanced regional development.
• increase employment opportunities.

What are the aims and objectives of a public sector?

Public sector They aim to provide a service to the public and are funded by taxes. Public sector organisations function in areas such as health, education, housing and social work.

What is a public sector job?

Any organisation run by the government and funded by tax-payers’ money can be classified as public sector. This includes local and national councils, NHS hospitals and clinics, emergency services, schools, and much more. Various local government departments, for example, includes a wide variety of jobs.

What do you mean by public sector?

public sector, portion of the economy composed of all levels of government and government-controlled enterprises. It does not include private companies, voluntary organizations, and households.

What are the main objective of private sector?

The important mottos of private sector are as follows: The main objective is to maximise profit. (ii) Private sector plays an important role to reduce budgetary deficit of India. It helps the government to curtail the public expenditure. (iii) Private companies are free from political’ interferences.