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How is public sector different from …

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How is public sector different from private sector

Posted by Mehwash Khan 4 years, 4 months ago

CBSE > Class 10 > Social Science

2 answers

Adithya Dev A 4 years, 4 months ago

PUBLIC SECTOR = Here, government owns most of the assets and provide services. Their aim is not only profit, but also public welfare. They have the freedom to raise money through taxes. Eg :- Indian Railways, Indian Postal Service, etc. PRIVATE SECTOR = Here, institutions are owned privately by individuals and companies and they are paid services. Their aim is not welfare, but profit. They have no right to raise money through funds or taxes. Eg :- TISCO, RIL, etc.

Janvi Verma 4 years, 4 months ago

Public sector is controlled by state.Private sector is controlled by the owner. Please answer my question???

ANSWER

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