Question

differnc between public and private sectors

Answer 1

In Public sectors  related to the government sectors having objectives to provide public welfare and it doesn't provides many services as due to lack of quality and in private sectors where managed , command and governed by the individuals and group of peoples it having main objectives and methods to earn more and more incomes and benefits and it provides satisfactory services due to presence of better quality .

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