The public sector and statutory sector are related but not synonymous. The public sector encompasses all government-funded services and organizations, including federal, state, and local entities. The statutory sector specifically refers to organizations or bodies established by law or statute, often focusing on regulatory or administrative functions within the broader public sector. Thus, while all statutory bodies are part of the public sector, not all public sector organizations are statutory.
Yes
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.
public sector
A sector in which the public can budget
the public sector necessity
They both mean the same. The terms Nationalized or Public Sector both refer to the same thing. A Nationalized bank is one that is owned by the government of the country. Since the people decide who the government is, they are also referred to as public sector banks. The government is responsible for the money deposited into the accounts of these banks.
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.
function of public sector in india
Sainsburys is in the public sector.
what is the importance of public sector accounting