What is the motive behind economic activ

CUET Preparation Today

Start Free Mocks

Home Questions HAEEXGN5T2

Target Exam

CUET

Subject

General Test

Chapter

General Knowledge

Topic

Economics

Question:

What is the motive behind economic activities performed by the private sector?

Options:

Social welfare

Maximization of profit

Reduction in cost

All of the above

Correct Answer:

Maximization of profit

Explanation:

Activities in the private sector are guided by the motive to earn profits. Whereas, government perform activities with the motive of social welfare.