Question

what is the difference between public or private sectors ?

Answer 1

Public sector actually means the organizations owned by the government and government-provided services. While
Private sector refers to organizations that are not government owned, and the goods and services provided by organizations outside of the government. .



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Answer 2

Public sector :-

The aim of public sector is to increase the facilities for public welfare.

The government owns most of the assets and provides all the services.

The decisions regarding production and distribution are taken by the government of the country.

Public sector provides basic facilities like education, health, food and security to the people.

Example :- Indian Railways and the post office etc.

Private Sector :-

The aim of Private sector is to earn maximum profits.

The ownership of assets and delivery of services is the hands of private individuals or companies.

The decisions regarding production and distribution are taken by owners or the manager of the country.

Private sector provides consumer goods to the people.

Example :- Reliance Industries Limited and Amul