Question

Distinguish between Private sector and Public sector of the Economy.
'भारत में क्षेत्रीय दलों के उभार ने संघवाद एवं लोकतंत्र को मजबूत किया है।' उचित
तकों के साथ कथन को न्यायसंगत ठहराइए।
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Answer 1

Answer:

Types of Private Business:

 Sole Proprietorship.

Partnership.

Corporation.What is Public Sector?

 The public sector is usually composed of organizations

that are owned and operated by the government.What is the difference between the public

sector and the private sector?

Private Sector

 Unlimited jobs

 Insecure the jobs

 Unlimited works/ day

 Unlimited age of services

 Only for earning profit

 Fast/good service

 Employees can get

bonuses

Public Sector

 Limited jobs

 Secure jobs

 Limited day

 Limited age of services

 Only for social welfare

 No good services

 Salaries onlyReferences

 Lloyd G. Nigro, Decision Making in the Public Sector

(1984), Marcel Dekker IncConclusion

8

 When we examine public sector versus private sector,

plenty of differences come to mind. In defining each, we

learn a private sector in an economy consist of all

businesses and firms owned by ordinary members of the

general public. It also consists of all the private households

in which people live.

 The public sector in an economy is owned and controlled

by a government.

 It consists of government businesses, firms, goods and

services provided by the government.