Multiple choice general knowledge

‘Public Sector’ means?

  1. Government ownership on commerce and trade

  2. Capitalist ownership on commerce and trade

  3. Private ownership on trade

  4. Government ownership on banks

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A Correct answer
Explanation

Public sector refers to enterprises and organizations owned, controlled, and managed by the government in various sectors of the economy including commerce, trade, and industry. These organizations serve public interest and welfare rather than profit maximization.