Westonci.ca is the Q&A platform that connects you with experts who provide accurate and detailed answers. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.

All goods and services are either produced exclusively by the government or exclusively by the private sector.
a. true
b. false


Sagot :

The statement:

b. false

is correct.

All goods and services are not exclusively produced either by the government or the private sector. In reality, production often involves a combination of both sectors. The government typically provides certain goods and services such as public infrastructure (roads, bridges), defense, law enforcement, education, and healthcare in many countries. Meanwhile, the private sector produces goods and services ranging from consumer products to professional services and operates in industries like technology, finance, retail, and manufacturing.

The allocation and extent of production between these sectors can vary widely based on economic systems, government policies, and societal needs, but it's rare for production to be entirely exclusive to either the government or the private sector across all goods and services.