Question

distinguish between public and private sector

Answer 1

public sector is organized by government and private sector is not organized by government

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