Question

Difference between the public sector and private sector ​

Answer 1

Answer:

The most significant difference between the private and public sectors is the ownership of the organizations within them. In the public sector, organizations are owned and controlled by the government. Meanwhile, organizations within the private sector are owned and managed by individuals or private companies.

Answer 2

Answer:

PUBLIC SECTOR

• This sector is own by government.
• This sector provides facilities in a very cheap rate.
• It provides Job security, Retirement benefits, Allowances, Perquisites etc.

PRIVATE SECTOR

• This sector is own by private companies.
• This sector provides facilities at very high rate.
• There is no Job security, Retirement benefits, Allowances, Perquisites etc.

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