The main objective of the private sector is:

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To maximise profits

To minimise profits

To minimise sales

General welfare

answer is A.

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Detailed Solution

The main objective of the private sector is to maximise profits. The area of the economy that is not under state control and is conducted for profit by people and businesses is known as the private sector. Therefore, all for-profit companies not owned or run by the government are included. The voluntary industry includes charities and other nonprofit groups, whereas the public sector includes businesses and companies the government governs. The private sector employs more people than the public sector and aims to earn money. A new business is established, or a public sector company is privatised to create a private sector entity.

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