Which of the given sectors is largely driven by considerations of social welfare?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is Option 3 i.e. Public.
Public sector is largely driven by considerations of social welfare.
The public sector in many countries focuses on providing essential services such as healthcare, education, and public infrastructure, aiming to meet the needs of all citizens, particularly the underprivileged, and to enhance social welfare. This sector is typically funded by government resources and aims to balance social equity with economic efficiency.