Question

Mention two important differences between the Public Sector and the Private Sector.

Distinguish between the public and private sectors. (Four points)

Mention two differences between the private and the public sector.

Describe the four differences between the private and public sectors.

Give the difference between the following:

Public sector and Private sector.

Answer 1

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 the public sector are stable and secure.	Jobs in the private sector are relatively less stable and secure.
4	The public sector engages in tasks such as defence and water supply.	The private sector is involved in activities such as clothing and food outlets.