Question

2
Distinguish between the public sector
private sector
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Answer 1

Answer:

Public Sector refers to the part of the Country's overall economy which is controlled by the Government or various Government bodies. The private Sector refers to the part of the Country's overall economy which is controlled by Individuals or Private Companies.

Explanation:

Answer 2

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☆Public sector☆

1.It is controlled and managed by the government.

2.The main aim of the sector is public welfare.

3.The sector provides basic facilities like education, health, food and security to the people. For Example: Railways, Post office, BSNL.

☆Private sector☆

1.It is controlled and managed by an individual or a group.

2.The main aim of the sector is to earn profits.

3.Private sector does not provide any service at a reasonable rate. For example: Tatas, Birlas, Reliance.