Question

Difference between w public and private sector

Answer 1

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PUBLIC SECTOR : -

The public sector is usually composed of organizations that are owned and operated by the government. This includes federal, provincial, state, or municipal governments, depending on where you live. Privacy legislation usually calls organizations in the public sector a public body or a public authority.


PRIVATE SECTOR : -

The private sector is usually composed of organizations that are privately owned and not part of the government. These usually includes corporations and partner ships.


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Answer 2

Public sector :-

The aim of public sector is to increase the facilities for public welfare.

The government owns most of the assets and provides all the services.

The decisions regarding production and distribution are taken by the government of the country.

Public sector provides basic facilities like education, health, food and security to the people.

Example :- Indian Railways and the post office etc.

Private Sector :-

The aim of Private sector is to earn maximum profits.

The ownership of assets and delivery of services is the hands of private individuals or companies.

The decisions regarding production and distribution are taken by owners or the manager of the country.

Private sector provides consumer goods to the people.

Example :- Reliance Industries Limited and Amul