State three objectives of public sector enterprises.

Explanation

Public sector enterprise are the organisations owned and controlled by the government or central state or in combination of both.
Following are few reasons that explains why public sector enterprise should be set up in India.


i. The main objective of public sector enterprise is public welfare which is often ignored by private sector enterprise.

ii. It creates quality products and services at a reasonable price.

iii. They establish industries in backward and rural areas leading to development of those areas.

iv. These enterprises creates employment opportunities for the people of the country as they undertake large number of projects.

v. It gives competition to the private enterprise and ensures that the private enterprise do not form monopolies