Question

Difference between private sector and public sector enterprises 1

Answer 1

Public Sector Enterprises :

1. Public sector assures that labors gets full wages and consumers gets full value of payment.  

2. Public sector causes similar distribution of wealth in State. It doesn't allows to concentrate huge wealth  

   in hands of rich people.

3. Surplus money accrued is invested for social welfare activities and better services.

4. Its targets are multi-faceted.

Private Sector Enterprises :

1. Private sector depends on exploitation of workers and consumers.

2. Private sector causes concentration of huge wealth in hands of rich people. Majority of poor suffers.

3. Surplus money gained goes into pockets of industrialists.

4. Its only aim is gaining max to max profits.