Question

difference between private sector and joint sector industry​

Answer 1

Public sector industries is run by the government means it is run publicly whereas joint sector industries are run by government as well as the individual so it is run jointly. Therefore it is known as joint sector industries.

Answer 2

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Private Sector:-

• The private sector is usually composed of organizations that are privately owned and not part of the government.

• This includes corporations (both profit and non-profit), partnerships, and charities.

• Private sector is by thinking of organizations that are not owned or operated by the government.

For example - retail stores, credit unions.

Joint Sector:-

• The joint sector would include units in which both public and private investments have taken place and where the state takes an active part in direction and control.

•Profit and social Obligation.

• Combination of Government and Private person .

•For example- Maruti Yog ltd.