Question

Distinguish between public and private industries.

Answer 1

The private sector comprises of business which is owned, managed and controlled by individuals.
Private sector is based on exploitation of workers and consumers.



public sector comprises of various business enterprises owned and managed by Government.
Public sector ensures that workers get the full value of their efforts, and consumers get full value of the price paid.

Hope it helps!!!

Answer 2

PUBLIC SECTOR:
-it is controlled and managed by the government.
-the main aim of the sector is public welfare .
-the sector provides basic facilities like education, health, security etc.
-for example, the Indian Railways.

PRIVATE SECTOR:
-IT is controlled and managed by an individual or a group of individuals .
-the main of this sector is to earn maximum profit .
-the sector provides consumer goods to the people.
- For example, The Reliance , TISCO,etc.