Question
Distinguish between the public sector and the private sector.
| S. NO | Public sector | Private sector |
| 1. | In this sector, the government owns most of the assets and provides all the services. | In this sector, ownership of assets and delivery of services is in the hands of private individuals or companies. |
| 2. | The purpose of this sector is not first to earn profits but to promote to public welfare. | The sole object of this sector is to earn profits. |
| 3. | Example: Railways, Post Office, Life Insurance Corporation, etc. | Example: Tata Iron and Steel Company Limited (TISCO), Reliance Industries Limited (RIL), etc. |
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