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Generally the private sector is more efficient because efficiency means lower cost and more profit. The public sector doesn't have to worry about profit so there is no incentive to be efficient.

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โˆ™ 2007-09-04 01:55:55
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Q: Is the public sector more efficient than the private sector?
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What tasks does the public sector perform because it is more efficient than the private sector?

Nothing. It is not more efficient. The public sector by its nature is more expensive than the private sector. We should use the public sector only for those areas that require extra scrutiny and public awareness because of the importance of the task.


Why is the private sector more efficient than the public sector in terms of poverty reduction?

While it may seem that the private sector is more efficient, the answer is actually ambiguous. Many studies in the 70s and 80s pointed to this efficiency in the private sector, but new studies (with the addition of new data from across the world) are showing there is actually little difference between the public sector and the private sector's abilities in reducing poverty.


Public Sector and The Private Sector?

In PRIVATE SECTOR priorities have been determined by the profit motive whereas in PUBLIC SECTOR priorities have been determined by political process.PRIVATE SECTOR PR is characterised by more efficient process as compared to PUBLIC SECTOR.PVT SECTOR provides better services to its public as compared to public sector enterprises.


Is public sector is more lawful than private sector?

Let's put it this way, the public sector is under WAY more scrutiny than the private sector is.


Why is private sector more effective than the public sector?

the public sector is not profit driven


Difference between private and public sector?

private sectors are more private than public sectors


What is the difference between private sector and public sector?

in public sector have the government share more then the owner and in private sector have less share of government,owner share is more then from government. like as; public sector-51 share of govt.and 49 share of owner. private sector-51 share of owner and 49 share of govt.


What is the difference between the public and private sector?

in public sector have the government share more then the owner and in private sector have less share of government,owner share is more then from government. like as; public sector-51 share of govt.and 49 share of owner. private sector-51 share of owner and 49 share of govt.


What are the advantegs and disadvantegs of private sector?

I've had a bit of work experience in both sectors, although I'm still young, and pretty new to the workforce. Hopefully my limited advice will help. Advantages of the private sector:-More opportunities for promotion as the company grows-These jobs tend to pay higher-More prestige, and the private sector is supposedly more efficient-Less bureaucracyDisadvantages of the private sector:-Less job security-Very competitive atmosphere, high pressure environment-Workers' rights are sometimes infringed upon-Fewer benefits than the public sectorAdvantages of the public sector:-Job security, it's often difficult to get fired-Generous benefits-More relaxed atmosphereDisadvantages of the public sector:-Fewer positions available-Lower pay-Less flexibility


Is Oriental Bank of commerce is a private sector?

No. Oriental Bank of Commerce is a Public Sector Bank. visit http://www.obcindia.co.in for more details about this bank.


Why does the private sector generate more revenue than the public sector?

Because the private sector is entirely geared towards creating revenue at the cost of anything else. By contrast, revenue-gathering is not a concern for the public sector, while spending any money that would otherwise be revenue in useful ways is a major concern.


Which policy has a more direct influence on the private sector?

Monetary policy has a more direct influence on the private sector

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