Single Answer MCQ
Q-00015975
How do the roles of public and private sectors differ in terms of economic stability?
1
Public sector provides direct profit, whereas private sector does not.
2
Private sector stabilizes prices while public sector does not.
3
Public sector often intervenes to maintain essential services critical for economic stability.
4
Private sector bears the cost of public goods entirely.
Answer and Solution
Answer
C. Public sector often intervenes to maintain essential services critical for economic stability.
Solution:
The public sector's role includes intervening to provide essential services that support economic stability, while the private sector focuses on profit-driven activities.
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