Choose the given statement is True/False

Public sector is a well-managed organisation while the private sector is a badly managed organisation.

see full answer

Your Exam Success, Personally Taken Care Of

1:1 expert mentors customize learning to your strength and weaknesses – so you score higher in school , IIT JEE and NEET entrance exams.

An Intiative by Sri Chaitanya

True

False

answer is B.

(Unlock A.I Detailed Solution for FREE)

Best Courses for You

JEE

NEET

Foundation JEE

Foundation NEET

CBSE

Detailed Solution

The given statement is false.
The public sector provides services not with a profit maximisation motive but with a social welfare motive. The government funds its welfare activities with taxes from the public to help the poorer communities. Thus, it leads to the bad management of the organisations. Sometimes, because of the lack of funds and profits of the government and sometimes people expect more services. Poor people are not also aware of the services provided by the government for their welfare which leads to their misuse of them. While the private sector is a well-managed and well-maintained organisation that only focuses on its profits. It also helps them to attract more customers.
The correct statement would be that the private sector is well-managed while the public sector is badly managed.

Watch 3-min video & get full concept clarity