Question

Distinguish between Public and Private sector. ​

Answer 1

Answer:

Public sector enterprises are companies owned, and entirely or partially controlled by the government of a country. ... Private sector enterprises are owned and controlled by a private group of individuals or even a single entity.

Answer 2

Answer:

Public sector :-

• It is controlled and managed by government.

• The main aim of the sector is public welfare.

• The sector provides basic facilities like education, health, food and security to the people.

• For example, the Indian Railways, The post office and the BSNL.

Private sector :-

• It is controlled and managed by individual or a group of individuals.

• The main aim of the sector is to earn maximum profits.

• The sector provides consumer goods to people.

• For example, The Reliance, TISCO etc..

hope it helps you✌