Question

Mention five examples each of Public Sector and Private Sector.​

Answer 1

Answer:

Public sectors include public goods and governmental services such as the military, law enforcement, infrastructure (public roads, bridges, tunnels, water supply, sewers, electrical grids, telecommunications, etc.), public transit, public education, along with health care and those working for the government itself, ...

Examples include: Sole proprietorships**:** Plumbers, technicians, contractors, developers and designers. Partnerships**:** Legal, accounting, tax and dentistry. Privately owned corporations: Hospitality, leisure, retail and food

Answer 2

The common example of the public sector include the railways or a post office, while the private sector includes a partnership, joint venture etc.

• In a public sector the units are retained by the Government either partially or completely.
• Whereas in a private sector the ownership is with individuals or a group of individuals.

• Examples of public sector are -

1. Hospitals and Dispensaries
2. Agricultural services
3. Educational Institutions
4. Public Transporation - Buses, railways
5. Law and Justice - Courts or other legal institutes

• Examples of private sector are -

1. Partnership
2. Cooperative society
3. A company
4. Joint Hindu Family
5. Multinational Corporation