what is difference between public sector and private sector.
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Answer:
The private sector is the part of the economy that is run by individuals and companies for profit and is not state controlled. ... Companies and corporations that are government run are part of what is known as the public sector, while charities and other nonprofit organizations are part of the voluntary sector.25-Dec-2020
Explanation:
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Answer:
Public sector-
1. The government owns most of the assets and provides all the services.
2. The motive is not just to earn profits. Governments raise money through taxes and other ways to meet expenses on the services rendered by it.
3. Examples- Railways and post office
Private sector-
1. Ownership of assets and delivery of services is in the hands of private individuals or companies.
2. Activities in the private sector are guided by the motive to earn profits. To get such services we have to pay money to these individuals and companies.
3. Examples- Tata and Iron and Steel company Limited (TISCO) and Reliance Industries Limited (RIL)