what is meant by private sector and publicsector.write it its difference
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Answer:
Private sector is the sector which is owned by an individual or a group of individual.
Eg : Reliance industries
Public sectors are the sectors that are owned by the government or governmental organization.
Eg: Indian Railways
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Hey Mate! ❤️❤️
Meaning of Public Sector:
Organisation Owned by government
Meaning of Private Sector:
Organisation Owned by any private/ not by government/ any individual
Differences between private sector and Public sector:
1) Public sector is owned by Government but Private Sector is not owned by governmment/ any individual
2) Goods and services of Public Sector are provided by Government but Goods and services of private sector are provided by any private organisations/ individual
Hope it helps! ☺️✌️
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