Question

Using examples from your area compare and contracts that activities and functions of private and public sectors

Answer 1

Public sector :-

• The aim of public sector is to increase the facilities for public welfare.
• The government owns most of the assets and provides all the services.
• The decisions regarding production and distribution are taken by the government of the country.
• Public sector provides basic facilities like education, health, food and security to the people.
• Example :- Indian Railways and the post office etc.

Private Sector :-

• The aim of Private sector is to earn maximum profits.
• The ownership of assets and delivery of services is the hands of private individuals or companies.
• The decisions regarding production and distribution are taken by owners or the manager of the country.
• Private sector provides consumer goods to the people.
• Example :- Reliance Industries Limited and Amul

Answer 2

Answer:

If we talk about public sector then in this the government owns most of the assets and gives all the services to public for example there is a government school in our locality and the activities of that school like children go for tours whether it is domestic or international all the expenses are done by government and students are honored by scholarships and many more things. But at the same time I noticed a hospital in the same locality and that hospital is private, there is no role of government in that hospital everything is a private asset of that hospital’s owner. And the charges are very high sometimes patients can’t afford. So, private sector’s ownership, assets and delivery of services are in the hands of the private individuals or companies.