question_answer

Distinguish between Public sector and Private sector.

Answer:

                Public sector: (i) It is controlled and managed by the government. (ii) The main aim of the sector is public welfare. (iii) The sector provides basic facilities like education, health, food and security to the people. For e.g.: Railways, Post office, BSNL.             Private sector:                                                           (i) It is controlled and managed by an individual or a group. (ii) The main aim of the sector is to earn profits.                            (iii) Private sector does not provide any service at a reasonable rate. For e.g.:  Tatas, Birlas, Reliance.