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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 the lives 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.
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 the lives 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. Which of the following is the author most likely to agree with?
- a)The government is not doing enough to end poverty
- b)The public sector can end poverty.
- c)The private sector can end poverty.
- d)All of the above.
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
We live in a time when about 896 million people survive on less than $...
Option 1 is not mentioned in the passage, thus options 1 and 4 can be eliminated.
Option 3 is corroborated as the passage mentions “Concludingly, the private sector can end poverty.” In view of option 3, option 2 can be ruled out.
Hence, the correct answer is option 3.
Option 3 is corroborated as the passage mentions “Concludingly, the private sector can end poverty.” In view of option 3, option 2 can be ruled out.
Hence, the correct answer is option 3.
Most Upvoted Answer
We live in a time when about 896 million people survive on less than $...
The Argument for the Private Sector's Role in Ending Poverty
The author's perspective emphasizes the critical role that the private sector plays in alleviating poverty, making option 'C' the most agreeable statement.
Key Reasons Supporting Private Sector Involvement:
- Driving Innovation and Resources:
The private sector possesses the resources and innovative capabilities to create impactful solutions for poverty alleviation. By leveraging new ideas, strategies, and skills, it can effectively tackle the challenges faced by impoverished communities.
- Market Expansion:
Engaging in poverty alleviation initiatives opens new markets. As multinational corporations invest in the Bottom of the Pyramid, they can provide affordable products and services, ultimately benefiting both the company and the communities they serve.
- Risk Mitigation and Value Creation:
By participating in development processes, the private sector not only contributes to social good but also mitigates risks associated with economic instability. This leads to greater value creation for stakeholders.
- Corporate Social Responsibility (CSR):
The increasing involvement of corporations in CSR initiatives highlights their commitment to social issues. Projects such as those supported by the Tata Foundation illustrate how the private sector can improve livelihoods while enhancing its public image.
- Job Creation and Higher Wages:
Private sector jobs tend to be more diversified and offer higher wages than those typically found in the public sector. This directly contributes to poverty alleviation and reduces income inequality.
Conclusion:
The author concludes that while the public sector has its role, the private sector is uniquely positioned to drive significant change in poverty eradication. Its focus on profit can be redefined to support societal benefits, making it a powerful ally in the fight against poverty.
The author's perspective emphasizes the critical role that the private sector plays in alleviating poverty, making option 'C' the most agreeable statement.
Key Reasons Supporting Private Sector Involvement:
- Driving Innovation and Resources:
The private sector possesses the resources and innovative capabilities to create impactful solutions for poverty alleviation. By leveraging new ideas, strategies, and skills, it can effectively tackle the challenges faced by impoverished communities.
- Market Expansion:
Engaging in poverty alleviation initiatives opens new markets. As multinational corporations invest in the Bottom of the Pyramid, they can provide affordable products and services, ultimately benefiting both the company and the communities they serve.
- Risk Mitigation and Value Creation:
By participating in development processes, the private sector not only contributes to social good but also mitigates risks associated with economic instability. This leads to greater value creation for stakeholders.
- Corporate Social Responsibility (CSR):
The increasing involvement of corporations in CSR initiatives highlights their commitment to social issues. Projects such as those supported by the Tata Foundation illustrate how the private sector can improve livelihoods while enhancing its public image.
- Job Creation and Higher Wages:
Private sector jobs tend to be more diversified and offer higher wages than those typically found in the public sector. This directly contributes to poverty alleviation and reduces income inequality.
Conclusion:
The author concludes that while the public sector has its role, the private sector is uniquely positioned to drive significant change in poverty eradication. Its focus on profit can be redefined to support societal benefits, making it a powerful ally in the fight against poverty.
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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.Which of the following is the author most likely to agree with?a)The government is not doing enough to end povertyb)The public sector can end poverty.c)The private sector can end poverty.d)All of the above.Correct answer is option 'C'. Can you explain this answer?
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.Which of the following is the author most likely to agree with?a)The government is not doing enough to end povertyb)The public sector can end poverty.c)The private sector can end poverty.d)All of the above.Correct answer is option 'C'. 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.Which of the following is the author most likely to agree with?a)The government is not doing enough to end povertyb)The public sector can end poverty.c)The private sector can end poverty.d)All of the above.Correct answer is option 'C'. 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.Which of the following is the author most likely to agree with?a)The government is not doing enough to end povertyb)The public sector can end poverty.c)The private sector can end poverty.d)All of the above.Correct answer is option 'C'. Can you explain this answer?.
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.Which of the following is the author most likely to agree with?a)The government is not doing enough to end povertyb)The public sector can end poverty.c)The private sector can end poverty.d)All of the above.Correct answer is option 'C'. 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.Which of the following is the author most likely to agree with?a)The government is not doing enough to end povertyb)The public sector can end poverty.c)The private sector can end poverty.d)All of the above.Correct answer is option 'C'. 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.Which of the following is the author most likely to agree with?a)The government is not doing enough to end povertyb)The public sector can end poverty.c)The private sector can end poverty.d)All of the above.Correct answer is option 'C'. 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.Which of the following is the author most likely to agree with?a)The government is not doing enough to end povertyb)The public sector can end poverty.c)The private sector can end poverty.d)All of the above.Correct answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for CAT.
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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.Which of the following is the author most likely to agree with?a)The government is not doing enough to end povertyb)The public sector can end poverty.c)The private sector can end poverty.d)All of the above.Correct answer is option 'C'. 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.Which of the following is the author most likely to agree with?a)The government is not doing enough to end povertyb)The public sector can end poverty.c)The private sector can end poverty.d)All of the above.Correct answer is option 'C'. 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.Which of the following is the author most likely to agree with?a)The government is not doing enough to end povertyb)The public sector can end poverty.c)The private sector can end poverty.d)All of the above.Correct answer is option 'C'. 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.Which of the following is the author most likely to agree with?a)The government is not doing enough to end povertyb)The public sector can end poverty.c)The private sector can end poverty.d)All of the above.Correct answer is option 'C'. 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.Which of the following is the author most likely to agree with?a)The government is not doing enough to end povertyb)The public sector can end poverty.c)The private sector can end poverty.d)All of the above.Correct answer is option 'C'. Can you explain this answer? tests, examples and also practice CAT tests.
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