Differentiate between private sector and public sector. Give an example of each sector.
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Differences between private sector and public sector:
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S. No.
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Basis
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Private sector
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Public sector
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1.
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Concept
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Private sector is that part of the economy in which private entrepreneurs operate.
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Public sector is that part of the economy in which state acts as an entrepreneur.
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2.
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Example
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Reliance Industries.
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Mahanagar Telephone Nigam Limited (MTNL).
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