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One main difference between public sector and private sector entities is that their objectives are different. The objective of a public sector entity is to deliver public goods and services to all citizens in order to maximize their welfare. However, the principal objective of a private sector entity is to make a profit on the goods and services they produce and sell in the market.
Required:
Explain FOUR (4) reasons why these differences are important.
Find Related Questions by Tags, levels, etc.
Find Related Questions by Tags, levels, etc.
One main difference between public sector and private sector entities is that their objectives are different. The objective of a public sector entity is to deliver public goods and services to all citizens in order to maximize their welfare. However, the principal objective of a private sector entity is to make a profit on the goods and services they produce and sell in the market.
Required:
Explain FOUR (4) reasons why these differences are important.
Find Related Questions by Tags, levels, etc.
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