GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The motive of Private sector enterprises is:
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Profit making
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Entertainment
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Social welfare and security
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None of these
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Explanation:
Detailed explanation-1: -The most important motive of private firms is to maximize their profit. The private firms want to increase the level of their profits which helps in the growth of the company. Was this answer helpful?
Detailed explanation-2: -Activities in the private sector are guided by the motive to earn profits.
Detailed explanation-3: -role of the private sector. Main features of the private sector. Profit motive. Private ownership and control. No state participation. Independent management. Private finance. Work culture of employees. More items
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