| Private Sector | Public Sector |
| 1. Private sector is that sector where industries are owned and managed by private individuals or businessmen. | 1. Public sector is that sector where industries are owned, managed, and operated by the government. |
| 2. E.g. Most of the small-scale industries and cottage industries are owned by the private sector. | 2. E.g. Bharat Petroleum Ltd., Indian railways, etc. are owned by the public sector. |
| 3. Its main aim is to earn profit. | 3. Its main aim is to promote social welfare. |
| 4. Quick decisions can be taken and managerial efficiency is high. | 4. There is a delay in decision making and efficiency is lower. |
| 5. Exploitation of workers is more and inequality increases. | 5. Exploitation of workers is less and inequality reduces. |
