Q.

The main objective of the public sector is:


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a

To maximize profits

b

To minimize profits

c

To maximize sales

d

General welfare 

answer is D.

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Detailed Solution

The main objective of the public sector is General welfare.
All government-owned and run businesses are included in the public sector, a segment of the economy. This covers everything, from roads to bridges to hospitals and schools. Preventing economic power concentration and the expansion of private monopolies is a crucial goal of public enterprises. Public sector organizations are enterprises established to deliver a public service rather than generate a profit. Public sector organizations assist the government in enforcing social control on commerce and industry to ensure equal distribution of commodities and services.
 
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