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| BASIS FOR COMPARISON | PUBLIC SECTOR | PRIVATE SECTOR |
| Meaning | The section of a nation's economy, which is under the control of government, whether it is central, state or local, is known as the Public Sector. | The section of a nation's economy, which owned and controlled by private individuals or companies is known as Private Sector. |
| Basic objective | To serve the citizens of the country. | Earning Profit |
| Raises money from | Public Revenue like tax, duty, penalty etc. | Issuing shares and debentures or by taking loan |
| Areas | Police, Army, Mining, Health, Manufacturing, Electricity, Education, Transport, Telecommunication, Agriculture, Banking, Insurance, etc. | Finance, Information Technology, Mining, Transport, Education, Telecommunication, Manufacturing, Banking, Construction, Pharmaceuticals etc. |
| Benefits of working | Job security, Retirement benefits, Allowances, Perquisites etc. | Good salary package, Competitive environment, Incentives etc. |
| Basis of Promotion | Seniority | Merit |
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Ishfaq Shah 7 years, 11 months ago
0Thank You