Question

public vs private video and distribution channels video questions
questions 1 - 8 of 8 | page 1 of 1
question 1 (12 points)
what is the primary difference between the public sector and the private sector?
a the private sector includes businesses owned by individuals
b the private sector is funded by taxes
c the public sector is supported by profits
d the public sector is run by private businesses
question 2 (12 points)
why do prices tend to go down in the private sector?
a businesses do not need to compete for customers
b private businesses are funded by taxpayer dollars
c there is no government regulation in the private sector
d businesses must earn money by offering competitive prices
question 3 (12 points)

Explanation:

For Question 1: The private - sector consists of businesses owned by individuals or private entities, while the public sector is related to government - run entities. The private sector is not funded by taxes (b is wrong), the public sector is not supported by profits (c is wrong), and the public sector is not run by private businesses (d is wrong).
For Question 2: In the private sector, businesses are in a competitive environment and must offer competitive prices to attract customers and earn money. They do need to compete for customers (a is wrong), they are not funded by taxpayer dollars (b is wrong), and there is government regulation in the private sector (c is wrong).

Answer:

Question 1: a. The private sector includes businesses owned by individuals
Question 2: d. Businesses must earn money by offering competitive prices