Give a few examples of public sector activities and explain why the government has taken them up.

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asked Jul 16, 2017 in Economics by sforrest072 (157,439 points) 60 409 933

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answered Jul 16, 2017 by Abhishek Kumar (14,593 points) 5 9 35
 
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A few examples of public sector activities are provision of water, electricity and some modes of transport. The government has taken these up because water and power are needed by everyone. If the work of providing electricity and water is left to private enterprises, the latter might exploit this opportunity and sell these at rates which the masses cannot afford. Hence, to ensure that basic amenities like water and power are available for all, the government supplies these at low and affordable rates.

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