Social science

Multiple assessment
Comparision between private sector
and public sector
 What is private sector?
 The private sector is a part of a country economic system that is
run by individual or group of individuals.
 The most private sector organizations are run with the intention
of making profit.
 The capital are arranged by the owners.
 It is managed without any government participation.
 Examples :tata consultancy services,icic bank limited
 what is public sector
The public sector is that portion of an economic system that is
controlled by national ,state or local governments.
The composition in most countries it includes defence, public
health . Public education etc.
The main intention of the public sector is to provide quality
services and product to the citizens.
Examples: sail, Indian oil orporation , coal india
 Role of public sector
Helps in rapid economic growth.
To earn return on investment.
To act as effective competition to other private sector.
For generations employment in government
administration ,defence etc.
 Role of private sector
To provide adequate comprtition
To generate more employment opportunities.
To reduce political inference.
To increase the standard of living of the people.
Increase the number of private industry in india.
 Performance of public sector in Indian economy
1. Groth of public sector: these has been a tremendous growth and expansion
over the decade.
2. Range of public sector activities: massive investment have taken place
such as thermal power, petroleum etc.
3. Economic contribution: it have helped in increasing our national income ,
improving distribution of wealth and income
4. Foreign exchange earings: foreign exchange savings has been possible due
to import substitution efforts made by public sector.
 Performance of private sector in Indian
economy
1. Financial reforms lead to more investment of foreign companies
in india.
2. Usage of more advanced technology.
3. People are now getting more quality products and services.
4. Increasing the demand of people by introduction of new products
and services