Question
Explain any five differences between public and private sectors.
| Aspect / Basis | Public Sector | Private Sector |
| Ownership | In public sector, most assets are owned by the government. | In private sector, most assets are owned by individuals or groups of individuals. |
| Service Provison | The government provides all services. | Services are provided by private owners. |
| Funding | The government raises money for various activities through taxes. | Private sector collects money through the services they provide. |
| Profit Motive | Activities are not just focused on earning profits, but on public welfare. | Activities are guided by the motive to earn profits. |
| Examples | Railways, Post Office etc. are the examples of public sector. | Tata Steel, Reliance etc. are the examples of private sector. |
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