Choose the given statement is true/false:

The primary motive of the public sector is public welfare.

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True

False

answer is A.

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Detailed Solution

The given statement is true.
The public sector has its assets controlled and owned by the government, and it primarily focuses on the welfare of the people, with the motive of earning profits not being the priority. Some essential basic services, such as dams, railways, generating electricity, etc., are majorly taken up by the government because they require heavy spending and ensuring that these facilities are available for everyone, both of which are not in the interests of the private sector. The public sector undertakes the mammoth task of providing health and educational facilities for all by running proper schools and imparting quality education and healthcare centres dealing in public health. These facilities by the public sector focus on general welfare first rather than profits.

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