Discuss the role of the private sector in the production and provision of public goods and services

Institution: University

Course: Bachelor of Commerce

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Summary

Question one
1. Discuss the role of the private sector in the production and provision of public goods and services. 10mks
What is the meaning of private sector? The private sector is the part of a country’s economy that is not controlled directly by the government; it is a term that combines households and businesses in the economy into a single group. The resources of production owned by the private sector are owned in the form of private property. The private sector includes entities such as households and individuals, for-profit enterprises, sole traders, partnerships, corporations, nonprofit-making organizations, charities, and nongovernmental organizations (NGOs)
The roles include:
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