Question Description
We live in a time when about 896 million people survive on less than $1.90 a day. A time, when the world produces sufficient food to provide 2700 k/cal to every person every day. Yet, a vast section of humanity is unable to afford it. The reason being this is the paucity of funds. Traditionally, the private sector has always been associated with the relentless drive to maximise profits, often at the cost of rising inequality. Whereas, the public sector is shown to pay greater heed to the distributive aspect of economic benefits. The private - public difference rests on the relative weights attached to efficiency and equity. While the private sector limits its arena of concern to the bottom line - subtraction of costs from revenues, the overarching role of the public sector is linked to enhancing welfare and promoting equity.Poverty eradication has perks for the private sector too. Bottom of the Pyramid investment by multinational corporations, such as those pursued by Danone in India and Unilever in Africa, helps to lift billions out of poverty. This, in turn, allows deprived communities to access products and services that have been appropriately priced for them. Whatever the private sector loses in terms of margins, it gains in terms of volumes. This way, the private sector is able to tap into new markets and geographies. Further, participating in the development process allows the private sector to gain in terms of risk mitigation and greater value creation, in addition to positive social positioning.Currently, Corporate Social Responsibility (CSR) initiatives by the private sector show promising results. Be it is the Tata Foundation supporting weavers in Varanasi or the Bill and Melinda Gates Foundation providing grants to fight Ebola in West Africa, the private sector is increasingly becoming part of a shared agenda to end global poverty. Private-public partnerships can also play a crucial role in elevating livelihoods. Recently, an IFAD-supported project in Rwanda forged a partnership between tea cooperatives and private investors- ensuring 30-40% equity shares for the cooperatives.Further, private sector jobs are more diversified and generate higher wages. If higher incomes and job security is a marker of poverty alleviation, then the private sector is steadily contributing to reducing inequalities. It generates employment and makes livelihoods higher. In addition, there is immense potential for commercial credit to benefit thelives of the rural poor. While complete credit penetration into the rural hinterland and urban slums is yet to be seen, the availability of commercial credit will no doubt protect the poor against exorbitant interest rates and debt traps.Concludingly, the private sector can end poverty. It can do so because of the new ideas it can bring to the table - innovation, strategy and skills. It has the immense resources it currently wields, and the humongous amount of influence that comes with it. The sector can participate because it is in its own interests to do so - in terms of opening up new markets and tapping new possibilities. All it needs is a reworking of the concept of profit - from being a commercial end goal accruing to shareholders, to a social product to be distributed among all stakeholders.Q.All it needs is a reworking of the concept of profit - from beinga commercial end goal accruing to shareholders, to a social product to be distributed among all stakeholders. implies that:a)Private sectors have been following the wrong definition of profit makingb)Private sectors have mostly focused on the interest of shareholders than stakeholdersc)Private sectors have to socialize more.d)Private sectors are immensely goal oriented.Correct answer is option 'B'. Can you explain this answer? for CAT 2025 is part of CAT preparation. The Question and answers have been prepared according to the CAT exam syllabus. Information about We live in a time when about 896 million people survive on less than $1.90 a day. A time, when the world produces sufficient food to provide 2700 k/cal to every person every day. Yet, a vast section of humanity is unable to afford it. The reason being this is the paucity of funds. Traditionally, the private sector has always been associated with the relentless drive to maximise profits, often at the cost of rising inequality. Whereas, the public sector is shown to pay greater heed to the distributive aspect of economic benefits. The private - public difference rests on the relative weights attached to efficiency and equity. While the private sector limits its arena of concern to the bottom line - subtraction of costs from revenues, the overarching role of the public sector is linked to enhancing welfare and promoting equity.Poverty eradication has perks for the private sector too. Bottom of the Pyramid investment by multinational corporations, such as those pursued by Danone in India and Unilever in Africa, helps to lift billions out of poverty. This, in turn, allows deprived communities to access products and services that have been appropriately priced for them. Whatever the private sector loses in terms of margins, it gains in terms of volumes. This way, the private sector is able to tap into new markets and geographies. Further, participating in the development process allows the private sector to gain in terms of risk mitigation and greater value creation, in addition to positive social positioning.Currently, Corporate Social Responsibility (CSR) initiatives by the private sector show promising results. Be it is the Tata Foundation supporting weavers in Varanasi or the Bill and Melinda Gates Foundation providing grants to fight Ebola in West Africa, the private sector is increasingly becoming part of a shared agenda to end global poverty. Private-public partnerships can also play a crucial role in elevating livelihoods. Recently, an IFAD-supported project in Rwanda forged a partnership between tea cooperatives and private investors- ensuring 30-40% equity shares for the cooperatives.Further, private sector jobs are more diversified and generate higher wages. If higher incomes and job security is a marker of poverty alleviation, then the private sector is steadily contributing to reducing inequalities. It generates employment and makes livelihoods higher. In addition, there is immense potential for commercial credit to benefit thelives of the rural poor. While complete credit penetration into the rural hinterland and urban slums is yet to be seen, the availability of commercial credit will no doubt protect the poor against exorbitant interest rates and debt traps.Concludingly, the private sector can end poverty. It can do so because of the new ideas it can bring to the table - innovation, strategy and skills. It has the immense resources it currently wields, and the humongous amount of influence that comes with it. The sector can participate because it is in its own interests to do so - in terms of opening up new markets and tapping new possibilities. All it needs is a reworking of the concept of profit - from being a commercial end goal accruing to shareholders, to a social product to be distributed among all stakeholders.Q.All it needs is a reworking of the concept of profit - from beinga commercial end goal accruing to shareholders, to a social product to be distributed among all stakeholders. implies that:a)Private sectors have been following the wrong definition of profit makingb)Private sectors have mostly focused on the interest of shareholders than stakeholdersc)Private sectors have to socialize more.d)Private sectors are immensely goal oriented.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CAT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for We live in a time when about 896 million people survive on less than $1.90 a day. A time, when the world produces sufficient food to provide 2700 k/cal to every person every day. Yet, a vast section of humanity is unable to afford it. The reason being this is the paucity of funds. Traditionally, the private sector has always been associated with the relentless drive to maximise profits, often at the cost of rising inequality. Whereas, the public sector is shown to pay greater heed to the distributive aspect of economic benefits. The private - public difference rests on the relative weights attached to efficiency and equity. While the private sector limits its arena of concern to the bottom line - subtraction of costs from revenues, the overarching role of the public sector is linked to enhancing welfare and promoting equity.Poverty eradication has perks for the private sector too. Bottom of the Pyramid investment by multinational corporations, such as those pursued by Danone in India and Unilever in Africa, helps to lift billions out of poverty. This, in turn, allows deprived communities to access products and services that have been appropriately priced for them. Whatever the private sector loses in terms of margins, it gains in terms of volumes. This way, the private sector is able to tap into new markets and geographies. Further, participating in the development process allows the private sector to gain in terms of risk mitigation and greater value creation, in addition to positive social positioning.Currently, Corporate Social Responsibility (CSR) initiatives by the private sector show promising results. Be it is the Tata Foundation supporting weavers in Varanasi or the Bill and Melinda Gates Foundation providing grants to fight Ebola in West Africa, the private sector is increasingly becoming part of a shared agenda to end global poverty. Private-public partnerships can also play a crucial role in elevating livelihoods. Recently, an IFAD-supported project in Rwanda forged a partnership between tea cooperatives and private investors- ensuring 30-40% equity shares for the cooperatives.Further, private sector jobs are more diversified and generate higher wages. If higher incomes and job security is a marker of poverty alleviation, then the private sector is steadily contributing to reducing inequalities. It generates employment and makes livelihoods higher. In addition, there is immense potential for commercial credit to benefit thelives of the rural poor. While complete credit penetration into the rural hinterland and urban slums is yet to be seen, the availability of commercial credit will no doubt protect the poor against exorbitant interest rates and debt traps.Concludingly, the private sector can end poverty. It can do so because of the new ideas it can bring to the table - innovation, strategy and skills. It has the immense resources it currently wields, and the humongous amount of influence that comes with it. The sector can participate because it is in its own interests to do so - in terms of opening up new markets and tapping new possibilities. All it needs is a reworking of the concept of profit - from being a commercial end goal accruing to shareholders, to a social product to be distributed among all stakeholders.Q.All it needs is a reworking of the concept of profit - from beinga commercial end goal accruing to shareholders, to a social product to be distributed among all stakeholders. implies that:a)Private sectors have been following the wrong definition of profit makingb)Private sectors have mostly focused on the interest of shareholders than stakeholdersc)Private sectors have to socialize more.d)Private sectors are immensely goal oriented.Correct answer is option 'B'. Can you explain this answer?.

Solutions for We live in a time when about 896 million people survive on less than $1.90 a day. A time, when the world produces sufficient food to provide 2700 k/cal to every person every day. Yet, a vast section of humanity is unable to afford it. The reason being this is the paucity of funds. Traditionally, the private sector has always been associated with the relentless drive to maximise profits, often at the cost of rising inequality. Whereas, the public sector is shown to pay greater heed to the distributive aspect of economic benefits. The private - public difference rests on the relative weights attached to efficiency and equity. While the private sector limits its arena of concern to the bottom line - subtraction of costs from revenues, the overarching role of the public sector is linked to enhancing welfare and promoting equity.Poverty eradication has perks for the private sector too. Bottom of the Pyramid investment by multinational corporations, such as those pursued by Danone in India and Unilever in Africa, helps to lift billions out of poverty. This, in turn, allows deprived communities to access products and services that have been appropriately priced for them. Whatever the private sector loses in terms of margins, it gains in terms of volumes. This way, the private sector is able to tap into new markets and geographies. Further, participating in the development process allows the private sector to gain in terms of risk mitigation and greater value creation, in addition to positive social positioning.Currently, Corporate Social Responsibility (CSR) initiatives by the private sector show promising results. Be it is the Tata Foundation supporting weavers in Varanasi or the Bill and Melinda Gates Foundation providing grants to fight Ebola in West Africa, the private sector is increasingly becoming part of a shared agenda to end global poverty. Private-public partnerships can also play a crucial role in elevating livelihoods. Recently, an IFAD-supported project in Rwanda forged a partnership between tea cooperatives and private investors- ensuring 30-40% equity shares for the cooperatives.Further, private sector jobs are more diversified and generate higher wages. If higher incomes and job security is a marker of poverty alleviation, then the private sector is steadily contributing to reducing inequalities. It generates employment and makes livelihoods higher. In addition, there is immense potential for commercial credit to benefit thelives of the rural poor. While complete credit penetration into the rural hinterland and urban slums is yet to be seen, the availability of commercial credit will no doubt protect the poor against exorbitant interest rates and debt traps.Concludingly, the private sector can end poverty. It can do so because of the new ideas it can bring to the table - innovation, strategy and skills. It has the immense resources it currently wields, and the humongous amount of influence that comes with it. The sector can participate because it is in its own interests to do so - in terms of opening up new markets and tapping new possibilities. All it needs is a reworking of the concept of profit - from being a commercial end goal accruing to shareholders, to a social product to be distributed among all stakeholders.Q.All it needs is a reworking of the concept of profit - from beinga commercial end goal accruing to shareholders, to a social product to be distributed among all stakeholders. implies that:a)Private sectors have been following the wrong definition of profit makingb)Private sectors have mostly focused on the interest of shareholders than stakeholdersc)Private sectors have to socialize more.d)Private sectors are immensely goal oriented.Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for CAT. Download more important topics, notes, lectures and mock test series for CAT Exam by signing up for free.

Here you can find the meaning of We live in a time when about 896 million people survive on less than $1.90 a day. A time, when the world produces sufficient food to provide 2700 k/cal to every person every day. Yet, a vast section of humanity is unable to afford it. The reason being this is the paucity of funds. Traditionally, the private sector has always been associated with the relentless drive to maximise profits, often at the cost of rising inequality. Whereas, the public sector is shown to pay greater heed to the distributive aspect of economic benefits. The private - public difference rests on the relative weights attached to efficiency and equity. While the private sector limits its arena of concern to the bottom line - subtraction of costs from revenues, the overarching role of the public sector is linked to enhancing welfare and promoting equity.Poverty eradication has perks for the private sector too. Bottom of the Pyramid investment by multinational corporations, such as those pursued by Danone in India and Unilever in Africa, helps to lift billions out of poverty. This, in turn, allows deprived communities to access products and services that have been appropriately priced for them. Whatever the private sector loses in terms of margins, it gains in terms of volumes. This way, the private sector is able to tap into new markets and geographies. Further, participating in the development process allows the private sector to gain in terms of risk mitigation and greater value creation, in addition to positive social positioning.Currently, Corporate Social Responsibility (CSR) initiatives by the private sector show promising results. Be it is the Tata Foundation supporting weavers in Varanasi or the Bill and Melinda Gates Foundation providing grants to fight Ebola in West Africa, the private sector is increasingly becoming part of a shared agenda to end global poverty. Private-public partnerships can also play a crucial role in elevating livelihoods. Recently, an IFAD-supported project in Rwanda forged a partnership between tea cooperatives and private investors- ensuring 30-40% equity shares for the cooperatives.Further, private sector jobs are more diversified and generate higher wages. If higher incomes and job security is a marker of poverty alleviation, then the private sector is steadily contributing to reducing inequalities. It generates employment and makes livelihoods higher. In addition, there is immense potential for commercial credit to benefit thelives of the rural poor. While complete credit penetration into the rural hinterland and urban slums is yet to be seen, the availability of commercial credit will no doubt protect the poor against exorbitant interest rates and debt traps.Concludingly, the private sector can end poverty. It can do so because of the new ideas it can bring to the table - innovation, strategy and skills. It has the immense resources it currently wields, and the humongous amount of influence that comes with it. The sector can participate because it is in its own interests to do so - in terms of opening up new markets and tapping new possibilities. All it needs is a reworking of the concept of profit - from being a commercial end goal accruing to shareholders, to a social product to be distributed among all stakeholders.Q.All it needs is a reworking of the concept of profit - from beinga commercial end goal accruing to shareholders, to a social product to be distributed among all stakeholders. implies that:a)Private sectors have been following the wrong definition of profit makingb)Private sectors have mostly focused on the interest of shareholders than stakeholdersc)Private sectors have to socialize more.d)Private sectors are immensely goal oriented.Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of We live in a time when about 896 million people survive on less than $1.90 a day. A time, when the world produces sufficient food to provide 2700 k/cal to every person every day. Yet, a vast section of humanity is unable to afford it. The reason being this is the paucity of funds. Traditionally, the private sector has always been associated with the relentless drive to maximise profits, often at the cost of rising inequality. Whereas, the public sector is shown to pay greater heed to the distributive aspect of economic benefits. The private - public difference rests on the relative weights attached to efficiency and equity. While the private sector limits its arena of concern to the bottom line - subtraction of costs from revenues, the overarching role of the public sector is linked to enhancing welfare and promoting equity.Poverty eradication has perks for the private sector too. Bottom of the Pyramid investment by multinational corporations, such as those pursued by Danone in India and Unilever in Africa, helps to lift billions out of poverty. This, in turn, allows deprived communities to access products and services that have been appropriately priced for them. Whatever the private sector loses in terms of margins, it gains in terms of volumes. This way, the private sector is able to tap into new markets and geographies. Further, participating in the development process allows the private sector to gain in terms of risk mitigation and greater value creation, in addition to positive social positioning.Currently, Corporate Social Responsibility (CSR) initiatives by the private sector show promising results. Be it is the Tata Foundation supporting weavers in Varanasi or the Bill and Melinda Gates Foundation providing grants to fight Ebola in West Africa, the private sector is increasingly becoming part of a shared agenda to end global poverty. Private-public partnerships can also play a crucial role in elevating livelihoods. Recently, an IFAD-supported project in Rwanda forged a partnership between tea cooperatives and private investors- ensuring 30-40% equity shares for the cooperatives.Further, private sector jobs are more diversified and generate higher wages. If higher incomes and job security is a marker of poverty alleviation, then the private sector is steadily contributing to reducing inequalities. It generates employment and makes livelihoods higher. In addition, there is immense potential for commercial credit to benefit thelives of the rural poor. While complete credit penetration into the rural hinterland and urban slums is yet to be seen, the availability of commercial credit will no doubt protect the poor against exorbitant interest rates and debt traps.Concludingly, the private sector can end poverty. It can do so because of the new ideas it can bring to the table - innovation, strategy and skills. It has the immense resources it currently wields, and the humongous amount of influence that comes with it. The sector can participate because it is in its own interests to do so - in terms of opening up new markets and tapping new possibilities. All it needs is a reworking of the concept of profit - from being a commercial end goal accruing to shareholders, to a social product to be distributed among all stakeholders.Q.All it needs is a reworking of the concept of profit - from beinga commercial end goal accruing to shareholders, to a social product to be distributed among all stakeholders. implies that:a)Private sectors have been following the wrong definition of profit makingb)Private sectors have mostly focused on the interest of shareholders than stakeholdersc)Private sectors have to socialize more.d)Private sectors are immensely goal oriented.Correct answer is option 'B'. Can you explain this answer?, a detailed solution for We live in a time when about 896 million people survive on less than $1.90 a day. A time, when the world produces sufficient food to provide 2700 k/cal to every person every day. Yet, a vast section of humanity is unable to afford it. The reason being this is the paucity of funds. Traditionally, the private sector has always been associated with the relentless drive to maximise profits, often at the cost of rising inequality. Whereas, the public sector is shown to pay greater heed to the distributive aspect of economic benefits. The private - public difference rests on the relative weights attached to efficiency and equity. While the private sector limits its arena of concern to the bottom line - subtraction of costs from revenues, the overarching role of the public sector is linked to enhancing welfare and promoting equity.Poverty eradication has perks for the private sector too. Bottom of the Pyramid investment by multinational corporations, such as those pursued by Danone in India and Unilever in Africa, helps to lift billions out of poverty. This, in turn, allows deprived communities to access products and services that have been appropriately priced for them. Whatever the private sector loses in terms of margins, it gains in terms of volumes. This way, the private sector is able to tap into new markets and geographies. Further, participating in the development process allows the private sector to gain in terms of risk mitigation and greater value creation, in addition to positive social positioning.Currently, Corporate Social Responsibility (CSR) initiatives by the private sector show promising results. Be it is the Tata Foundation supporting weavers in Varanasi or the Bill and Melinda Gates Foundation providing grants to fight Ebola in West Africa, the private sector is increasingly becoming part of a shared agenda to end global poverty. Private-public partnerships can also play a crucial role in elevating livelihoods. Recently, an IFAD-supported project in Rwanda forged a partnership between tea cooperatives and private investors- ensuring 30-40% equity shares for the cooperatives.Further, private sector jobs are more diversified and generate higher wages. If higher incomes and job security is a marker of poverty alleviation, then the private sector is steadily contributing to reducing inequalities. It generates employment and makes livelihoods higher. In addition, there is immense potential for commercial credit to benefit thelives of the rural poor. While complete credit penetration into the rural hinterland and urban slums is yet to be seen, the availability of commercial credit will no doubt protect the poor against exorbitant interest rates and debt traps.Concludingly, the private sector can end poverty. It can do so because of the new ideas it can bring to the table - innovation, strategy and skills. It has the immense resources it currently wields, and the humongous amount of influence that comes with it. The sector can participate because it is in its own interests to do so - in terms of opening up new markets and tapping new possibilities. All it needs is a reworking of the concept of profit - from being a commercial end goal accruing to shareholders, to a social product to be distributed among all stakeholders.Q.All it needs is a reworking of the concept of profit - from beinga commercial end goal accruing to shareholders, to a social product to be distributed among all stakeholders. implies that:a)Private sectors have been following the wrong definition of profit makingb)Private sectors have mostly focused on the interest of shareholders than stakeholdersc)Private sectors have to socialize more.d)Private sectors are immensely goal oriented.Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of We live in a time when about 896 million people survive on less than $1.90 a day. A time, when the world produces sufficient food to provide 2700 k/cal to every person every day. Yet, a vast section of humanity is unable to afford it. The reason being this is the paucity of funds. Traditionally, the private sector has always been associated with the relentless drive to maximise profits, often at the cost of rising inequality. Whereas, the public sector is shown to pay greater heed to the distributive aspect of economic benefits. The private - public difference rests on the relative weights attached to efficiency and equity. While the private sector limits its arena of concern to the bottom line - subtraction of costs from revenues, the overarching role of the public sector is linked to enhancing welfare and promoting equity.Poverty eradication has perks for the private sector too. Bottom of the Pyramid investment by multinational corporations, such as those pursued by Danone in India and Unilever in Africa, helps to lift billions out of poverty. This, in turn, allows deprived communities to access products and services that have been appropriately priced for them. Whatever the private sector loses in terms of margins, it gains in terms of volumes. This way, the private sector is able to tap into new markets and geographies. Further, participating in the development process allows the private sector to gain in terms of risk mitigation and greater value creation, in addition to positive social positioning.Currently, Corporate Social Responsibility (CSR) initiatives by the private sector show promising results. Be it is the Tata Foundation supporting weavers in Varanasi or the Bill and Melinda Gates Foundation providing grants to fight Ebola in West Africa, the private sector is increasingly becoming part of a shared agenda to end global poverty. Private-public partnerships can also play a crucial role in elevating livelihoods. Recently, an IFAD-supported project in Rwanda forged a partnership between tea cooperatives and private investors- ensuring 30-40% equity shares for the cooperatives.Further, private sector jobs are more diversified and generate higher wages. If higher incomes and job security is a marker of poverty alleviation, then the private sector is steadily contributing to reducing inequalities. It generates employment and makes livelihoods higher. In addition, there is immense potential for commercial credit to benefit thelives of the rural poor. While complete credit penetration into the rural hinterland and urban slums is yet to be seen, the availability of commercial credit will no doubt protect the poor against exorbitant interest rates and debt traps.Concludingly, the private sector can end poverty. It can do so because of the new ideas it can bring to the table - innovation, strategy and skills. It has the immense resources it currently wields, and the humongous amount of influence that comes with it. The sector can participate because it is in its own interests to do so - in terms of opening up new markets and tapping new possibilities. All it needs is a reworking of the concept of profit - from being a commercial end goal accruing to shareholders, to a social product to be distributed among all stakeholders.Q.All it needs is a reworking of the concept of profit - from beinga commercial end goal accruing to shareholders, to a social product to be distributed among all stakeholders. implies that:a)Private sectors have been following the wrong definition of profit makingb)Private sectors have mostly focused on the interest of shareholders than stakeholdersc)Private sectors have to socialize more.d)Private sectors are immensely goal oriented.Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice We live in a time when about 896 million people survive on less than $1.90 a day. A time, when the world produces sufficient food to provide 2700 k/cal to every person every day. Yet, a vast section of humanity is unable to afford it. The reason being this is the paucity of funds. Traditionally, the private sector has always been associated with the relentless drive to maximise profits, often at the cost of rising inequality. Whereas, the public sector is shown to pay greater heed to the distributive aspect of economic benefits. The private - public difference rests on the relative weights attached to efficiency and equity. While the private sector limits its arena of concern to the bottom line - subtraction of costs from revenues, the overarching role of the public sector is linked to enhancing welfare and promoting equity.Poverty eradication has perks for the private sector too. Bottom of the Pyramid investment by multinational corporations, such as those pursued by Danone in India and Unilever in Africa, helps to lift billions out of poverty. This, in turn, allows deprived communities to access products and services that have been appropriately priced for them. Whatever the private sector loses in terms of margins, it gains in terms of volumes. This way, the private sector is able to tap into new markets and geographies. Further, participating in the development process allows the private sector to gain in terms of risk mitigation and greater value creation, in addition to positive social positioning.Currently, Corporate Social Responsibility (CSR) initiatives by the private sector show promising results. Be it is the Tata Foundation supporting weavers in Varanasi or the Bill and Melinda Gates Foundation providing grants to fight Ebola in West Africa, the private sector is increasingly becoming part of a shared agenda to end global poverty. Private-public partnerships can also play a crucial role in elevating livelihoods. Recently, an IFAD-supported project in Rwanda forged a partnership between tea cooperatives and private investors- ensuring 30-40% equity shares for the cooperatives.Further, private sector jobs are more diversified and generate higher wages. If higher incomes and job security is a marker of poverty alleviation, then the private sector is steadily contributing to reducing inequalities. It generates employment and makes livelihoods higher. In addition, there is immense potential for commercial credit to benefit thelives of the rural poor. While complete credit penetration into the rural hinterland and urban slums is yet to be seen, the availability of commercial credit will no doubt protect the poor against exorbitant interest rates and debt traps.Concludingly, the private sector can end poverty. It can do so because of the new ideas it can bring to the table - innovation, strategy and skills. It has the immense resources it currently wields, and the humongous amount of influence that comes with it. The sector can participate because it is in its own interests to do so - in terms of opening up new markets and tapping new possibilities. All it needs is a reworking of the concept of profit - from being a commercial end goal accruing to shareholders, to a social product to be distributed among all stakeholders.Q.All it needs is a reworking of the concept of profit - from beinga commercial end goal accruing to shareholders, to a social product to be distributed among all stakeholders. implies that:a)Private sectors have been following the wrong definition of profit makingb)Private sectors have mostly focused on the interest of shareholders than stakeholdersc)Private sectors have to socialize more.d)Private sectors are immensely goal oriented.Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice CAT tests.