Question

Mention two important differences between Public Sector and Private Sector.

Distinguish between Public and Private sector (Four points)

Mention two differences between the private and the public sector.

Describe the four differences between the private and public 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 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.