Question

distinguish between public sector and private sector​

Answer 1

Answer:

The Public Sector is the part of the economy, where goods and services are provided by the government or local authorities carrying out the task instead.

The Private Sector consists of business activity that is owned, financed and run by private individuals.

Answer 2

Answer:

Public Sector

• Activities owned and operated by the government
• Social welfare is the main aim
• Provide public facilities

Example:- Indian Railways,AIR

Private Sector

• Owned and operated by individuals or companies
• Profit maximization is the main aim
• Do not provide public facilities

Example:- TISCO,RIL

HOPE IT HELPS