Question

Give three difference between public sector and primary sector

Answer 1

Public sector is run and owned by government.

Primary sector means convert raw material into useful product.


Public sector motive is to render service.

Primary sector motive is to earn profits.

RBI, FCI, LCI. etc.. Are the examples of public sector.

Industries come under primary sector.

Answer 2

Public sector refers to government-owned organizations and government-provided services.

Private sector refers to 1) organizations that are not government 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. Even the largest corporation with its common stock publicly-traded on the New York Stock Exchange is part of the private sector.