different between private sector and public sector
Answers
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
Answer:
Different between Private Sector and Public Sector
Explanation:
The economical part of the nation, which is always working under the control and rules of government, whether they are state, central or local businesses or companies, etc, is called The Public Sector.
The economical part of the nation, which is always controlled and followed by private persons (individuals) or private companies, is called The Private Sector.
In The Public Sector, these sectors worked only for the people of the country and to serve the citizens of the nation.
But, Private Sectors do all the work only to earn more and more profit.