The Correct answer is Option 3. Explanation & Key Takeaways: The passage explicitly states that after globalization, employment in the private sector increased, while employment in the public sector decreased due to the growing importance of privatization. • The private sector saw growth in employment, not a decline. • There is no mention of employment decline in the service sector or small-scale industries in the passage. • The public sector is clearly identified as the sector where employment has decreased. Therefore, the correct answer is Option 3: Public.