Question

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$Differentiate Public Sector and Private Sector$
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Answer 1

BASIS FOR COMPARISON PUBLIC SECTOR PRIVATE SECTOR

Meaning The section of a nation's economy, which is under the control of government, whether it is central, state or local, is known as the Public Sector. The section of a nation's economy, which owned and controlled by private individuals or companies is known as Private Sector.

Basic objective To serve the citizens of the country. Earning Profit

Raises money from Public Revenue like tax, duty, penalty etc. Issuing shares and debentures or by taking loan

Areas Police, Army, Mining, Health, Manufacturing, Electricity, Education, Transport, Telecommunication, Agriculture, Banking, Insurance, etc. Finance, Information Technology, Mining, Transport, Education, Telecommunication, Manufacturing, Banking, Construction, Pharmaceuticals etc.

Benefits of working Job security, Retirement benefits, Allowances, Perquisites etc. Good salary package, Competitive environment, Incentives etc.

Basis of Promotion Seniority Merit

Job Stability Yes No( le chep Diya)

Answer 2

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