Question

What is the difference between a public sector industry and one which is in the private sector? Give an example of an industry in each of the two sectors.

Differentiate between public sector and private sector industry giving a suitable example for each from India.

Answer 1

Public Sector	Private Section
Public sector industries are owned and controlled by the Central or State Governments e.g. iron and steel, aircraft, petroleum refineries.	Private-sector industries are owned and managed by private industrialists as joint-stock companies or proprietary concerns e.g. cement, paper, textiles.

Answer 2

Public Sector Industry	Private Sector Industry
In the public sector organisations are controlled and owned by the government.	In the private sector organisations are owned and managed by individuals and private companies.
The public sector normally include services such as military, police, public transit, infrastructure care, health care etc.	The private sector includes designers, developers plumbers, small and medium-size businesses etc.