Decisions in the public sector are primarily made by elected officials, such as mayors, governors, and legislators, who represent the interests of their constituents. Additionally, appointed officials and bureaucrats within various government agencies implement policies and manage day-to-day operations. Public input, through consultations and feedback mechanisms, can also play a role in shaping decisions. Ultimately, these decisions are guided by laws, regulations, and public interest considerations.
Private Sector banks are owned by individuals or a group of individuals who can take policy and business decisions quickly/easily when compared to public sector banks where policy decisions have to be approved by the government of India. Hence private sector bank are able to offer attractive plans and offers to customers and hence are growing at a faster pace than public sector banks.
Private Sector banks are owned by individuals or a group of individuals who can take policy and business decisions quickly/easily when compared to public sector banks where policy decisions have to be approved by the government of India. Hence private sector bank are able to offer attractive plans and offers to customers and hence are growing at a faster pace than public sector banks.
Representatives elected by the public.
public sector
With the private sector, most definitely. Decisions made by the public sector, however, may not always be profit-motivated.
executive
A sector in which the public can budget
the public sector necessity
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.