PUBLIC VS PRIVATE

SECTOR.
(BUSINESS,GOVERNMENT SOCIETY)

GAURI VISHWAKARMA
MBA 1ST SEM
PRIVATE SECTOR
 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 nonprofit), partnerships, and charities.

 The part of national economy made up of private

enterprises. It includes the personal sector (households)
and corporate sector (companies), and is responsible for
allocating most of the resources within an economy.
PUBLIC SECTOR

 The public sector is usually composed of organizations

that are owned and operated by the government.
 Federal, provincial, state, or municipal governments,
depending on where you live.
 Privacy legislation usually calls organizations in the
public sector a public body or a public authority.
PRIVATE VS PUBLIC SECTOR
PRIVATE SECTOR PUBLIC SECTOR

1. UNLIMITED JOBS 1. LIMITED JOB.

2. UNSECURE THE JOBS 2. SECURE JOB

3. UNLIMITED WORKS/DAY 3.LIMITED TIMES/JOB.

4. UNLIMITED AGE OF SERVICE. 4.LIMITED AGE OF SERVICE.

5.ONLY FOR EARN PROFITS. 5.ONLY FOR SOCIAL WELFARE

6. NO BEAR OF MISTAKES 6. NOT MENTIONED.

PUBLIC VS PRIVATE SECTOR
 PRIVATE SECTOR :
 1. Private sector is based on exploitation of workers and
consumers.
 2. Private sector causes the concentration of huge wealth in
few hands of rich people. The majority of poor will suffer.
 3. The surplus money/profit accrued goes into the pockets of
industrialists.
 4. Private sector does not care environment, people,
employees, neighbors. Its sole motto is to accrue huge profits.
 5. In private sector, unnecessary consumable items are
produced, which are criminal waste to the society. Further
there will be multi- brands for each product.
 6. It is not at all possible in private sector. It is an instrument of
accumulation of wealth
 7. The private sector does not care the socially
backward class people. It does not provide employment
opportunities to them. Reservations cannot be applied in
private sector.
 8. Private sector seeks the ways of getting profit only. If
transportation is in the hands of private, it does not run
the buses in the routes which are not profitable. Private
sector does not open banks in rural areas. Majority of the
doctors do not like to practice in rural areas.
 9. The private sector expresses meager willingness to
take the risk in new and untried areas such as oil
exploration.
 10. Private sector cannot procure such huge investments
for the said fields. Even it can procure the investment; it
cannot wait for longer periods for getting profits.
 11. Tax avoidance and evasion are common in private
sector.
 12. The private sector is purely ‘profit oriented’.
PRIVATE VS PUBLIC SECTOR
 PUBLIC SECTOR:
 1. Public sector ensures that workers get the full value of
their efforts, and consumers get full value of the price paid.
 2. Public sector causes the equal distribution of wealth in
the State. It does not allow to concentrate huge wealth in
few hands of rich people.
 3. The surplus money/profit accrued can be invested for
the social welfare activities and better services.
 4. Public sector cares environment, people, employees,
neighbor's, etc. Its objectives are multi-faceted.
 5. Such type of wastages is not adopted in public sector.
 6. The objective of reduction of disparities in income and
wealth can be achieved through public sector. It is an
instrument of equal distribution of wealth.
 7. In Public Sector, reservations are implemented. Priority
is given to the socially backward people.
 8. The services of public sector are rendered in remotest
areas. Examples: R.T.C. buses provide conveyance to
the remotest areas, whether there is profit or not. Rural
banking, Primacy Health Centre's, etc.
 9. The public sector takes the risk in new and untried
areas of activities.
 10. The Government can invest huge funds in the fields
such as atomic energy, atomic research, rocket
launching, etc. It cannot see profit or loss in those fields,
because they are of national importance.
 11. There cannot be evasion of taxes in this sector.
 12. The public sector is not profit oriented. It has several
social welfare objectives. Their functions are intended
multi-faceted.
THANK YOU