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Not everybody chooses private banks. People prefer public sector banks over private sector. The only reason for choosing private banks is the salary. If salary in private and government banks is same, everybody will choose government jobs as the job is more secure.
Working at a public service job requires you to be able to work proficiently with the public directly. Public service jobs require you to interact with people directly and provide a service to the public. A Private sector job would require you to be more self contained and adapt to working a career that requires you to be in more of an internal atmosphere. For example, some people might look at it as "working behind the scenes".
Ownership of the public sector of a certain country is shared equally by all citizens of that country. There should be certain laws that specify how does the PS get revenues and how does it spend them, how does it hire & fire employees, lowest and highest possible salaries ...etc. While ownership of any private sector entity is limited to the persons who paid up the capital to form it. Those persons may or may not be citizens of that country. Each private sector entity could invent its own rules of hiring & firing and payouts ...etc.
The relevance of the private sector in the economy is to supplement the government. The private sector helps grow the economy by creating job opportunities in a given economy.
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Private enterprises don't have to make their financial documents public. Private enterprises can enter into contracts with other businesses without having to get the approval of the Board of Directors.
-Less job security -Very competitive atmosphere, high pressure environment-Workers' rights are sometimes infringed upon-Fewer benefits than the public sector.
Any engineering graduate can get an excellent job in the private sector in addition to the public sector. B. Tech graduates are employed as engineers as well as researchers, consultants, subject matter experts, and other positions.
Any job which supplies a 'service' to the general public. Example: Police - firefighter - sanitation worker - etc - etc.
Public sector are businesses run by the government. Thus to become a public sector you'd have to become part of the government or get a job working for the government.
deffinatly ,you are aligible for public sector jobs,like cell,bhel,bsnl etc.