how is public sector different from private sector
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The private sector is the part of the economy that is run by individuals and companies for profit and is not state controlled. ... Companies and corporations that are government run are part of what is known as the public sector, while charities and other nonprofit organizations are part of the voluntary sector.
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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.
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