Question

Difference between sectors on the basis of ownership with examples

Answer 1

The sector on the basis of ownership are Public and Private sector:

Public sector:
1. This sector aims to increasing the facility for public welfare.
2.Govt owns most of assets and provides all services.
3. Decision regarding production and distribution are taken by govt.
4. This sector provides basic facility like education, health and food.

Private sector:
1. This sector aims to earning maximum profit.
2. The ownership of assets and services is in the hands of private individuals.
3. Decision regarding production and distribution are taken by owners or manager of company.
4. This sector provide consumer goods to the people.

hope it helps....

Answer 2

Answer:

on the basis of ownership

public sector

private sector

public sector

which are controlled by government of the country there main aim is to motivate..

they want to provide services to people and encourage them

railways example

private sector

they are controlled by the individual

there main aim is to built profit making

eg tata steel industries....