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No such thing as a public sector company, only tax funded services paid for by private companies profit
There are three types of economies, private,public, and mixed. The private sector is established mainly for personal or private profits and is not governed by the state. The public sector is governed by the state only and mixed economy means that both the private and public sector play a role in the economy.
The private sector can aid the economy by generating profits. This will allow for them to invest in more research and in creating new businesses. Also, the taxes on their profits can be used to create anti-poverty programs.
the most important difference between public and private sectors is that private sector mostly makes profits and public sector wastes citizens' taxes without no control. however, there is no similarity between them.
Prvate sector ( the main aim is to make profit)
coz private undertakings they want young and more active..at any rate they want to earn profit..the main motive of private sector is to earn profits..
The aim of a public sector business, is to make profits just like the private sector. Public sector is run by the government on behalf of the public and mostly offer government services.
Sir, I am working at private sector organisation in last 13 years my payment is Rs.8550.00 only no other benefit. can you tell me how much money got to me the gratuity ? ..
Private sector is private industry and the Public sector is Government related.
Public sector goods are made for the benefit of people, and are controlled by the government or local authorities. Therefore, the aim is not profit maximisation but to help the public, such as bus services and the BBC. Private sector goods are made in order to gain profits for the business, and come from businesses owned by private individuals. An example of a private sector good would be a garment from a highstreet store.
Import, export, Warehousing., distribution, ship repairs, tug boat operators,