Business Studies

The primary objective of public sector enterprises is to ________.


ANSWER

Serve the public


SOLUTION
An important objective of public enterprises is to prevent the 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, Public sector organisations are businesses set up with the aim of providing a public service rather than making a profit. Social enterprises are private organisations that are run along business lines, but where any profits are reinvested into the community or into social or environmental projects.
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Single Correct Medium Published on 18th 08, 2020
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