1.

Using examples from your area compare and contracts that activities and functions of private and public sectors

Answer»

Public sector :-

  • The aim of public sector is to increase the facilities for public welfare.
  • The government owns most of the assets and provides all the services.
  • The decisions regarding production and distribution are taken by the government of the country.
  • Public sector provides basic facilities like education, health, food and SECURITY to the people.
  • Example :- Indian Railways and the POST office etc.

Private Sector :-

  • The aim of Private sector is to earn maximum profits.
  • The ownership of assets and delivery of services is the HANDS of private INDIVIDUALS or companies.
  • The decisions regarding production and distribution are taken by owners or the manager of the country.
  • Private sector provides consumer goods to the people.
  • Example :- Reliance Industries Limited and Amul



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