what are the merits and demerits of public and private sectors ???
Answers
Advantages of the private sector:
-More opportunities for promotion as the company grows
-These jobs tend to pay higher
-More prestige, and the private sector is supposedly more efficient
-Less bureaucracy
Disadvantages of the private sector:
-Less job security
-Very competitive atmosphere, high pressure environment
-Workers' rights are sometimes infringed upon
-Fewer benefits than the public sector
Advantages of the public sector:
-Job security, it's often difficult to get fired
-Generous benefits
-More relaxed atmosphere
Disadvantages of the public sector:
-Fewer positions available
-Lower pay
-Less flexibility
I hope this will help you
Have a good day
Answer:
The government or other state-run organizations own, oversee, and manage public sector organizations. Individuals, groups, or commercial entities own, control, and manage private sector organizations.
Explanation:
Advantages of the private sector:
- More opportunities for promotion as the company grows
- These jobs tend to pay higher
- More prestige and the private sector is supposedly more efficient
- Less bureaucracy
Disadvantages of the private sector:
- Less job security
- Very competitive atmosphere, high-pressure environment
- Workers' rights are sometimes infringed upon
- Fewer benefits than the public sector.
Advantages of the public sector:
- Job security, it's often difficult to get fired
- Generous benefits
- More relaxed atmosphere
Disadvantages of the public sector:
- Fewer positions available
- Lower pay
- Less flexibility