Question

Distinguish between public and private sector with the help of example .

Answer 1

Public sector refers to government-owned organizations and government-provided services. Private sectorrefers to 1) organizations that are notgovernment owned, and 2) the goods and services provided by organizations outside of the government. For example, companies owned by individuals are part of the private sector.

Answer 2

+ public
- controlled by govt
- motive is to help people
- provide service to everyone
- opened for all
- eg. govt hospital , schools etc.

+ private
- controlled by private individuals
- motive is to earn profit
- not opened for poor
- give service to rich people
- eg. private hospitals , schools