Distinguish between public sector and private sector.

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Seshu Inapanuri

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Key difference is public sector is to serve the citizens of their country, aided by govt., job security, promotions on basis of seniority private sector is to earn profits for self, aided and administered by private individual or a firm, expectation of high salaries, promotions on the basis of merit.
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The following are the major differences between public sector and private sector: Public Sector is a part of the country's economy where the control and maintenance are in the hands of Government. If we talk about Private Sector, it is owned and managed by the private individuals and corporations. The...
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The following are the major differences between public sector and private sector: Public Sector is a part of the country's economy where the control and maintenance are in the hands of Government. If we talk about Private Sector, it is owned and managed by the private individuals and corporations. The aim of the public sector is to serve people, but private sector enterprises are established with the profit motive. In the public sector, the government has full control over the organizations. Conversely, Private Sector companies enjoy less government interference. The employees of the public sector have the security of the job along with that they are given the benefits of allowances, perquisites, and retirement like gratuity, pension, superannuation fund, etc. which are absent in the case of the private sector. In the private sector, the working environment is quite competitive which is missing in the public sector because they are not established to meet commercial objectives. In general Public Sector uses Seniority for promoting employees, however, merit cum seniority is also taken as a base for promoting employees. Unlike Private Sector, where performance is everything, and so merit is considered as a parameter to promote them. read less
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Educator having 8 years of experience in Teaching industry and M.Sc., B.Ed., CTET qualified.

The following are the major differences between public sector and private sector: Public Sector is a part of the country's economy where the control and maintenance are in the hands of Government. If we talk about Private Sector, it is owned and managed by the private individuals and corporations. The...
read more
The following are the major differences between public sector and private sector: Public Sector is a part of the country's economy where the control and maintenance are in the hands of Government. If we talk about Private Sector, it is owned and managed by the private individuals and corporations. The aim of the public sector is to serve people, but private sector enterprises are established with the profit motive. In the public sector, the government has full control over the organisations. Conversely, Private Sector companies enjoy less government interference. The employees of the public sector have the security of the job along with that they are given the benefits of allowances, perquisites, and retirement like gratuity, pension, superannuation fund, etc. which are absent in the case of the private sector. In the private sector working environment is quite competitive which is missing in the public sector because they are not established to meet commercial objectives. In general Public Sector uses Seniority for promoting employees, however, merit cm seniority is also taken as a base for promoting employees. Unlike Private Sector, where performance is everything, and so merit is considered as a parameter to promote them. read less
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Public sector refers to government-owned organizations and government-provided services. Private sector: 1) Organizations that are not government owned. 2) The goods and services provided by organizations outside of the government.
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Public sector refers to government-owned organizations and government-provided services. Private sector refers to: 1) Organizations that are not government owned, and 2) The goods and services provided by organizations outside of the government. For example, companies owned by individuals are part of...
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Public sector refers to government-owned organizations and government-provided services. Private sector refers to: 1) Organizations that are not government owned, and 2) The goods and services provided by organizations outside of the government. For example, companies owned by individuals are part of the private sector. read less
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Trainer

Where more than 50 percent shareholding is with central govt. or state govt. or both central and state govt, such business is called as public sector business. all other business are termed as private sector.
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The public sector is usually composed of organizations that are owned and operated by the government. This includes federal, provincial, state, or municipal governments, depending on where you live. The private sector is usually composed of organizations that are privately owned and not part of...
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The public sector is usually composed of organizations that are owned and operated by the government. This includes federal, provincial, state, or municipal governments, depending on where you live. The private sector is usually composed of organizations that are privately owned and not part of the government. These usually includes corporations (both profit and non-profit) and partnerships.An easier way to think of the private sector is by thinking of organizations that are not owned or operated by the government. read less
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Refer the below attachment:
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Public sector refers to government-owned organizations and government-provided services. Example - ONGC, Indian Railway etc. Private sector refers to: 1) Organizations that are not government owned, and 2) The goods and services provided by organizations outside of the government. For example, companies...
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Public sector refers to government-owned organizations and government-provided services. Example - ONGC, Indian Railway etc. Private sector refers to: 1) Organizations that are not government owned, and 2) The goods and services provided by organizations outside of the government. For example, companies owned by individuals are part of the private sector. Even the largest corporation with its common stock publicly-traded on the Bombay Stock Exchange is part of the private sector. read less
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Public sector company registered in share market and funding done by public, however private sectory company funded by individual or group of people.
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