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Unit 4 Ch 2 : Sectors of the Indian Economy — Social Studies STD 10 — Question

CBSE BoardEnglish MediumSTD 10Social StudiesUnit 4 Ch 2 : Sectors of the Indian Economy3 Marks
Question
Why is the public sector required to provide certain things at a reasonable cost?
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Answer

The purpose of the public sector is not just to earn profits but to think about the social benefits also.
  1. There are several things needed by the society as a whole but which the private sector will not be able to provide at a reasonable cost.
  2. Some of these require large sums of money to be spent, which is beyond the capacity of the private sector.

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