Answer:
The
public sector is required to provide certain things at a reasonable cost
because
(i)
The aim of public sector is not just to earn profits but to consider the social
benefit also.
(ii)
There are various things needed by the society as a whole, but the private
sector will not be able to provide at a reasonable cost.
(iii)
Some of these need spending large sums of money, which is beyond the capacity
of the private sector. Thus, government have to undertake such heavy spending
and ensure that these facilities are available for all. (3)
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