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Single Answer MCQ
Q-00015959

What is a significant characteristic of the private sector?

1

Offers free services

2

Owns public assets

3

Aims for profit

4

Funded entirely by taxes

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Sandeep Chaturvedi

Sandeep Chaturvedi

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Social science and humanities educator with 14+ years of experience reviewing CBSE SST, economics, commerce, arts, and vocational content.

M.A. HistoryM.A. Political ScienceB.Ed.

Answer and Solution

Answer

C. Aims for profit

Solution:

The private sector focuses on earning profits, and companies operate to maximize financial returns. Unlike the public sector, it does not rely primarily on tax funding.

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