Question

Using examples from your area compare and contrast that activities and functions
of private and public sectors.​

Answer 1

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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:

=> Public Sector : There are the organisations which directly or indirectly come under the control of government, like MTNL, railways, Indian Airlines etc.

=> Private Sector : In private sector organisations the ownership is in private hands and they run these organisations with the motive of earning profits like Reliance jio, Amul etc..

Explanation:

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