ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -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.

Detailed explanation-2: -The part of the economy under control of the government is known as the public sector.

Detailed explanation-3: -Public Sector Economics examines the impacts of government revenue, expenditure, and investment decisions. Areas of emphasis include tax policy, education, transportation, poverty and welfare, delivery of public services, and economic development.

Detailed explanation-4: -The public sector includes the government sector plus organizations under government ownership and control. The most common example is state-owned enterprises.

Detailed explanation-5: -There are three different forms of organisation used for the public sector enterprises in India. These are (1) Departmental Undertaking; (2) Statutory (or Public) Corporation, and (3) Government Company.