Question
Public Sector
Answer :
Word Count : 242
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Public sector refers to that part of the economy which is owned, managed, and controlled by the government with the objective of providing essential services, promoting economic development, and ensuring social welfare. In the context of the business environment, the public sector plays a significant role by shaping economic priorities, stabilising markets, and supporting industries that require large investments or are vital for national security. It operates in areas such as transportation, energy, banking, communication, and infrastructure, where private participation may be limited due to high risks or low immediate
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