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.
Miniratnas are those small to mid sized public sector enterprises that are making good profits and have started building a reputation. Navratnas are very large public sector enterprises which are many times larger than Miniratnas
public sector
A sector in which the public can budget
the public sector necessity
Refers to negotiations in the public sector where the authority to commit to a collective bargaining agreement may be shared by the executive and legislative branches.
The difference between public sector and private sector is that when you're in the public sector you work for the government whereas private sector is not. Same applies to accounting.
Private sector are things that are owned by people. Public sector are things that are owned by the government.
Government is public sector. Corporations and partnerships are Private sector. The government wants to support both the public and private sector to improve the economy and well-offness of the people it serves.
the public sector does not aim to make a profit and the private sector does an example of the private sector would be primark public sector would be the police,fire engines. The government own the public sector whilst the private sector is owned by its own individuals.
Sainsburys is in the public sector.
what is the importance of public sector accounting