Business Studies, asked by afro4221, 1 year ago

Write any six difference between private and public sector answer in point

Answers

Answered by sachinarora2001
6
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Public sector are those which are run and managed by government.

Private sector are those which are run and managed by private persons.

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Public sector motive is to render service to the general public

Private sector motive is to earn profits.

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Public sector are FCI, LIC. etc.

Private sector are birla, tata motors etc...

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Public sector is full of rules and regulations.

Private sector is not full of any rules and regulations.

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Public sector includes less freedom.

Private sector has lot of freedom to do anything.

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Answered by Anonymous
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Heya user✨✨

➡️On the basis of Objective.

Private sector: The chief aim is earning profit .

Public sector: It's chief aim is to provide various services to society . Earning profit is its secondary objective .


➡️On the basis of Ownership.

Private sector: The ownership is entirely with the private person .

Public sector: The ownership is entirely or partially with the government .


➡️On the basis of Form of organization.

Private sector: Their main form or individual ownership ,partnership ,company and cooperative society .

Public sector: Their main forms are departmental undertaking ,public corporation, government company .
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