Question

Difference between public and private sector

Answer 1

Answer:

PRIVATE SECTOR

• Private Sector includes those companies, enterprises or businesses which are owned by Private Individuals or Private Companies. The companies in the Private Sector are controlled, managed and operated by Private Individuals/Private Entities.
• Companies owned, controlled, managed and being operated by Private Companies/Private Individuals comes under the private sector.

PUBLIC SECTOR

• Public Sector encompasses the companies, enterprises or businesses wherein the Government is the owner of the business by way of a majority shareholding in the business. These businesses are controlled, managed and operated by Government.
• Companies owned, controlled, managed and being operated by Government/Government Bodies comes under the public sector.

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Answer 2

Answer:

i hope this may help u................

Explanation:

Public Sector is a part of the country’s economy where the control and maintenance are in the hands of Government. If we talk about Private Sector, it is owned and managed by the private individuals and corporations.

The aim of the public sector is to serve people, but private sector enterprises are established with the profit motive.

The employees of the public sector have the security of the job  

In the private sector working environment is quite competitive .

In general Public Sector uses Seniority for promoting employees