SSC
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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In which sector activities are not guided by the profit motive?
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Organised sector
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private sector
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public sector
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unorganised sector
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Explanation:
Detailed explanation-1: -Public Sector : (i) The government owns assets and takes responsibility to deliver services. (ii) This sector is not guided by profit motive.
Detailed explanation-2: -Public sectors include the public goods and governmental services such as the military, law enforcement, infrastructure, public transit, public education, along with health care and those working for the government itself, such as elected officials.
Detailed explanation-3: -The main motive of the private sector is to earn profits from their business operations.
There is 1 question to complete.