differentiate between joint sector industry and private sector industry 5 difference
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Joint Sector:
Ownership: * Combination of government and private persons
Management: * Mainly board of directors represents from both sides
Liability: * Owner and Government is liable
Recent Position: * More openings in airlines, banking, insurance, housing, petro chemicals, etc.
Objective: * Profit and social obligations
Private Sector:
Ownership: * Non government and individuals
Management: * Generally private persons are the owners themselves
Liability: * Owner is liable
Recent Position: * Open and liberal permission in many sectors
Objective: * Profit
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