Question

difference between public and private sector in simple words

Answer 1

Answer:

Explanation:

Public sector:

1.It is controlled and managed by the government.

2.The main aim of the sector is public welfare.

3.The sector provides basic facilities like education, health, food and security to the people. For Example: Railways, Post office, BSNL.

Private sector:

1.It is controlled and managed by an individual or a group.

2.The main aim of the sector is to earn profits.

3.Private sector does not provide any service at a reasonable rate. For example: Tatas, Birlas, Reliance

Answer 2

Answer:

Public sector:-

• It is controlled and managed by the government.
• The main aim of the sector is public welfare.
• The sector provide basic facilities like education, health, food and security to the people.
• For example, the Indian railways, post office and the BSNL.

Private sector:-

• It is controlled and managed by an individual or a group.
• It is controlled and managed by an individual or a group.The main aim of the sector is to earn maximum profits.
• It is controlled and managed by an individual or a group.The main aim of the sector is to earn maximum profits.The sector provide consumer goods to the people.
• It is controlled and managed by an individual or a group.The main aim of the sector is to earn maximum profits.The sector provide consumer goods to the people.For example, Reliance, TISCO, etc