Choose whether the given statement is true/false:

Private companies provide public facilities for the welfare of the people.

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True

Fale

answer is B.

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Detailed Solution

The statement is False.
Private companies do not have the welfare of people as their goal. Profit is the only motivation of private companies. They won’t take up all public facilities. Companies only distribute those like education and healthcare which can draw greater profits for them. Many people are ready to pay huge amounts for healthcare and education services that claim to be of the best quality. Therefore one can see greater privatisation in medical and education fields. Water is also another public facility that private companies prefer. People who can afford to pay are ready to spend a large amount of money on purified water. Hence private companies supply water in bottles and tankers. Such facilities provided by private companies are used only by a small section of society.

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