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Citing reasons, evaluate the performance of private sector over public sector enterprises in the following case: Timely completion of projects undertaken. - Economic Applications

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Question

Citing reasons, evaluate the performance of private sector over public sector enterprises in the following case:

Timely completion of projects undertaken.

Short Note

Solution

The private sector's focus is completing projects on time due to its focus on efficiency, competition, risk management, client satisfaction, and quick decision-making. In contrast, the public sector faces bureaucratic hurdles, political influences, and budget constraints that can hinder timely completion.

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Introduction of Public and Private Sector
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2023-2024 (February) Official
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