Economy, asked by shandu694, 1 year ago

what are the merits and demerits of public and private sectors ???

Answers

Answered by kadambaridasari21023
39

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

Answered by roopa2000
3

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
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