Question

Private and public sector industies

Answer 1

<> What is the Public Sector?

Public Sector encompasses the companies, enterprises or businesses wherein the Government is the owner of the business by way of a majority shareholding in the business. These businesses are controlled, managed and operated by Government.

Companies owned, controlled, managed and being operated by Government/Government Bodies comes under the public sector.

<> What is a Private Sector?

Private Sector includes those companies, enterprises or businesses which are owned by Private Individuals or Private Companies. The companies in the Private Sector are controlled, managed and operated by Private Individuals/Private Entities.

Companies owned, controlled, managed and being operated by Private Companies/Private Individuals comes under the private sector.

Answer 2

Answer:

Private industries: are those industries which are owned by individual or group of individuals for ex:TISCO,BAJAJ auto LTD

Public industries:are those industries which are owned by government agencies.for ex:BHEL,SAIL