Diff between private and public sector enterprise
Answers
Difference between public and private sector
PUBLIC SECTOR
1.In Public sector , govt. owns most of the assets and provides all the services.
2.Railways,post office,airport,etc. are examples of public sector.
3.The purpose of public sector is not just to earn profits.
PRIVATE SECTOR
1.In Private sector, the ownership of assets and delivery of services is in the hands of private individuals or companies .
2.Companies like TISCO,Reliance Industries Limited, dabur,etc. are privately owned .
3. the motive of private sector is to earn profits.
Answer:Private enterprise refers to the enterprise owned, managed and controlled by private persons. Public enterprise refers to the enterprise owned, manage and controlled by government. Private enterprise main motive is earning profit. Public enterprise main motive is to render service to general public.