What is the primary motive of a private sector entity?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. Profit.
- The primary motive of a private sector entity is with the intention of making profit.
- The private sector is the part of a country's economic system that is run by individuals and companies, rather than a government entity.
- The private sector plays a vital role in the economy by creating jobs, providing goods and services and stimulating economic growth. It is an important source of tax revenue for governments.