Question

Difference between public and private sector class 10

Answer 1

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Answer 2

Public sector:

1. These enterprises are owned by the state or central government.
2. The objective is to promote public welfare.
3. These are managed by bureaucrats.
4. Eg: Railways, Post and Telegraph, Ships, LIC.  

Private sector:

1. These enterprises are owned by private individuals.
2. The objective is to maximise profits.
3. These are managed by professional managers.
4. Eg: TISCO, TELCO, DCM, Reliance, etc.