एक्सप्लेन द डिफरेंस बिटवीन पब्लिक सेक्टर एंड प्राइवेट सेक्टर
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Explanation:
Public sector:
These enterprises are owned by the state or central government.
The objective is to promote public welfare.
These are managed by bureaucrats.
Eg: Railways, Post and Telegraph, Ships, LIC.
Private sector:
These enterprises are owned by private individuals.
The objective is to maximise profits.
These are managed by professional managers.
Eg: TISCO, TELCO, DCM, Reliance, etc.
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