Question

distinguish between the public and private sector

Answer 1

Answer:

Public sector:

1.It is controlled and managed by the government.

2.The main aim of the sector is public welfare.

3.The sector provides basic facilities like education, health, food and security to the people. For Example: Railways, Post office, BSNL.

Private sector:

1.It is controlled and managed by an individual or a group.

2.The main aim of the sector is to earn profits.

3.Private sector does not provide any service at a reasonable rate. For example: Tatas, Birlas, Reliance.

Explanation:

Answer 2

Public Sactor:-

1.)Public Sector is owned and operated by government.

2.)Their main motive is welfare of people.

3.)They provide basic facilities to people. Like:- Government Hospital, Government School, etc.

Private Sector:-

1.)Private Sector is owned and operated by an individual or a group.

2.)Their main motive is to earn money and gain profit.

3.)They provide costly services using their private hospitals, schools, etc.

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