Question

What is difference between Public and
Private sectons ?​

Answer 1

Answer:

PRIVATE SECTOR

Private sector banks can be defined as banking institutions where the majority of the shares are held by the private equity holders whereas public sector banks (also termed as government banks) can be defined as banking institutions where the majority of the stake is owned by the government.

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.

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.

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