Question

difference between public sector industry and private
sector industry ​

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:

♧ᴀɴsᴡᴇʀ♧

★ Public sector enterprises are companies owned, and entirely or partially controlled by the government of a country.

★ Private sector enterprises are owned and controlled by a private group of individuals or even a single entity.

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