What is the primary goal of businesses in the public sector?

The primary goal of businesses in the public sector is to provide services to the public. Unlike private sector companies, which primarily focus on maximizing profits and generating shareholder wealth, public sector organizations are tasked with meeting the needs and demands of the community. They are often established to deliver essential services such as education, healthcare, public transportation, and other social services. The aim is to enhance the overall well-being of society rather than focusing solely on financial gain.

Public sector organizations typically operate under governmental frameworks, which means they are accountable to the public and must prioritize service delivery over profit-making. This difference reflects the broader mission of these entities, which is to address societal needs and improve public welfare rather than compete for market share or pursue profitability as the main objective.