Question

five difference between public and private sector industries

Answer 1

1. Public sector industry is governed by government but private sector industry is governed by individuals.
2. Public sector industry working to provide things to public in minimum or less profit but private sector industry are working for there profit purposes.
3. Public sector industry are in Cooperation with private sector but the big part ofshare holding of that industry is in Govt. Hand but in private sector industry individual or group are owner of that industry.

Answer 2

Public sector:

1. Main aim of this sector is public welfare.

2. It is controlled and managed by the govt.

3. Provide basic facilities like education,health,good etc.

4. Activities are guided by the motive to earn profits.

5. Example : Indian railway.

Private sector :

1. Main aim of this sector is to earn maximum profit.

2. It is controlled and managed by an individual or a grp of individuals.

3. The sector provides consumer goods to the people.

4. Owernship of assets and delivery of services 're in the hands of private individuals or companies.

5. Example: Reliance.

Hope it helps......