Which sector comprises government-owned organisations and agencies that aim to provide a service to society?

• A. Private sector
• B. Public sector
• C. Third sector
• D. Quaternary sector

Answer: (B)

This question is about ownership and purpose of different parts of the economy. The public sector consists of government-owned organisations and agencies that exist to provide services for society. They’re funded and run by the government with the aim of delivering public services—things like healthcare, education, policing, and infrastructure—rather than turning a profit.

That’s why the right choice is the public sector: it’s defined by government ownership and service provision to the public. The private sector is made up of profit-driven businesses owned by individuals or shareholders. The third sector includes charities and voluntary organizations. The quaternary sector focuses on knowledge-based activities like research and information services.