Distinguish between public sector and private …

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Distinguish between public sector and private sector.

Posted by Shabeeha Khadeeja 7 years, 4 months ago

CBSE > Class 10 > Social Science

3 answers

Sonali Aggarwal 7 years, 4 months ago

In public sector,the government owns most of the assets and provides all the services.Example:railways,post office.The purpose of public sector is not just to earn profits.Governments raise money through taxesand other ways to meet expenses on the services rendered by it.

In private sector ,ownership of assets and delivery of services is in the hands of private individuals or companies.Example:Tata Iron and Steel Company Limited,Reliance Industries Limited.Activities in the private sector are guided by the motive to earn profits.

1Thank You

Mohanaa N 7 years, 4 months ago

Public sector is owned by the govt. Private sector is owned by individual or group of individuals. Public sector invest on welfare of the people Private sector invest on high profit margins.

1Thank You

Nikhil Gupta 5 years, 8 months ago

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