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Questions
Mention two important differences between Public Sector and Private Sector.
Distinguish between Public and Private sector (Four points)
Solution
| Sr. No | Public Sector | Private Sector |
| 1 | All the tools of production are owned, managed, and controlled by the government. | All the tools of production are owned, managed, and controlled by private individuals. |
| 2 | The goal of the public sector is to promote social welfare. | Profit generation is the primary goal of the private sector. |
| 3 | Jobs in public sector are stable and secure. | Jobs in private sector are relatively not stable and secure. |
| 4 | The public sector engages in tasks such as defense and water supply. | The private sector is involved in activities such as clothing and food outlets. |
Notes
Students should refer to the answer according to their questions.
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