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Single Answer MCQ
Q-00015972

What motivates the activities of the private sector?

1

Social welfare

2

Profit maximization

3

Government policies

4

Public service obligations

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Sandeep Chaturvedi

Sandeep Chaturvedi

CBSE Social Science & Humanities Reviewer

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

B. Profit maximization

Solution:

The private sector is motivated by the goal of profit maximization, a key factor influencing business strategies and operations.

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