Public Sector = Government regulated organizations owned by shareholders as listed through a stock exchange. "Public" because of the access available for public purchase or trade shares.
Private Sector = Privately owned companies (mostly small businesses) run by an individual or small group instead of shareholders. Such companies are unregulated by federal authority and make up the majority of labor forces in most countries.
A "public sector" organisation is one that is controlled by the government. It is called "public" because the government is responsible to the entire public. An example of a public sector organisation is the Department of Justice, or a police or fire department.
A "private sector" organisation is one that is owned and controlled by private individuals, not the government and usually exists to make a profit for its shareholders. Both large and small corporations are considered to be private sector organisations. A private sector organisation does not have the same responsibility to the public that a public sector organisation does; its main responsibility is to its shareholders (the people who own it).
The public sector is a part of the state that deals with the delivery of goods and services by and for the government, whether national, regional or local/municipal.
Examples of public sector activity range from delivering social security, administering urban planning and organizing national defenses.
In economics, the private sector is that part of the economy which is both run for private profit and is not controlled by the state. By contrast, enterprises that are part of the state are part of the public sector; private, non-profit organizations are regarded as part of the voluntary sector.
In the US:
The private sector refers to all companies without shareholders nor listing on the federal stock exchange. Generally the private sector belongs to small business groups as run by private individuals or a small group and unregulated by federal authority.
The public sector refers to all companies listed on the federal stock exchange as available for public purchase or trade of shares. All public companies are regulated by the federal government.
Understand that your Q can also be taken to mean the differences in organization between "public" and "private" companies, but v entities, there are lots of differences, chiefly stemming from their difference in focus; one is organized for profit or other gain, and the other for service. In the first case, it's basically the difference between the ultimate power resting with a king, or a board of directors.
The public sector is the organization which is controlled or under government and private sector is the organization which is owned by private owners like Wal Mart, KFC, ect.
Public is open, private is closed.
Public is the opposite of private.
private anf public
A business letter is a communication regarding a matter of business to or from a business, public or private organization, or a private person (persons).A business report is a document of organized information prepared for people within a business, organization, or agency, or to the public.
A private equity firm is a financial organization that invests its money in companies not traded on the stock exchanges, or in securities not available to the public at large
Public speaking is to a general audience. Private speaking is to certain individuals.
Well ask yourself what the difference between "public" and "private" is. This isn't rocket science!
private
No, both refer to joint efforts by private companies and governmental bodies.
Public sectors are funded by the government
The difference between public administration and business administration is that the study of the latter focuses on for-profit, private sector management while the former is the study of non-profit and government management. The term "public management" might be viewed as analogous to "public administration".public administraion means to administor the government organizations and private administration means to administor the private sector organization inother words it also called business administration.
public bank is state owned banks whereas private banks are owned by private individuals or entities.