Question

Difference between private, public and corporate sector

Answer 1

Answer:

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Explanation:

Know the Major Differences between Private- and Public-Sector Companies. The primary difference between public- and private-sector jobs is that public-sector jobs are generally within a government agency, whilst private-sector jobs are those where employees are working for non-governmental agencies.

Answer 2

In this question, we need to differentiate between the public, private, and corporate sectors.

• Public sector consists of businesses that are owned and controlled by the government.
• The ownership and the power lie in the hand of the state government or central government.
• Decisions are also taken by the central or the state government.
• These sectors work for the benefit of the people and they do not work for a profit motive.

• Private sector is controlled and managed by the business entity or any individual who owns it.
• Decisions in this sector are taken by the individual.
• There is no government interference in their decisions.
• These sectors work for profit motive.
• Cooperate sector is a sector which is formed by the companies or they are the part of the economy which is made by companies.

PROJECT CODE #SPJ2