Question
Clarify the difference between Private Sector and Public Sector.
| No. | Point of Different | Private Enterprise | Public Enterprise |
| $1.$ | Establishment | Private Enterprise is established a person or group of persons. | Public Enterprise is established by a state or central government. |
| $2.$ | Ownership | A person or a group of persons State or Central Government is are the owners of private the owner of the public enterprise. | State or Central Government is the owner of the public enterprise. |
| $3.$ | Main objective | Profit is the main objective of private enterprise. | Social welfare is the main aim of public enterprise. |
| $4.$ | Exploitation | Exploitation of the various classes of people is done to in-crease the profit. | As profit is not the aim of public enterprise, the problem of exploitation does not arise. |
| $5.$ | Forms | Private enterprise can be in the form of individual ownership, partnership or a join stock company. | Public enterprises are mostly in the forms of government company, public corporation or government department. |
| $6.$ | Investment | There is limitation of investment in private enterprise. They issue shares and obtain capital from shareholders. | As government invests in public enterprise, there is investment on a very large scale. |
| $7.$ | Control | To control private enterprise there is partnership, co-operative society or a company act. | The formation of public enterprise is done by passing an act in the parliament. |
| $8.$ | Government Interference | There is no interference of government in day to day work in private enterprise. | Public enterprises have to carry on their transactions according to government rules and regulation. |
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