Private vs. Public Sector

Which of the following is a key characteristic of the private sector?

• Provides public goods and services

• Owned by the government

• Aims to make a profit

What is the primary goal of businesses in the private sector?

• To provide employment opportunities

• To maximize shareholder value

• To ensure social welfare

Which of the following best describes the funding sources for private sector companies?

• Public donations and fundraising

• Private investments and loans

• Government grants and subsidies

How does the private sector typically respond to market demands?

• By increasing taxes

• By reducing competition

• By adjusting prices and services

Which of the following is an example of a public sector organization?

• Apple Inc.

• Ministry of Health

• Walmart

• Minister of Justice

Which sector is responsible for the provision of education, healthcare, and infrastructure?

• Private sector

• Public Sector

• Informal sector

• Mixed Economy

Which of the following is a key difference between the private and public sectors?

• The private sector is controlled by the government, while the public sector is not.

• The private sector aims for profit, while the public sector focuses on public welfare.

• Both sectors operate in the same way, with no significant difference.

What role does the public sector play in the economy?

• It contributes to the creation of jobs and services for the public.

• It focuses solely on generating profits.

• It mainly competes with private businesses to offer the same goods and services.