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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.
Private would be something owned by an individual (The owner of a grocery stor) and Public means something government owned (The Hospital)
In the public sector, most of the services and production is aimed at making the lives of the public better and not really about profit making. Public sector also seeks to meet demand for services that would be impossible for one private sector investor to profitably provide.
The public sector provides services that would ordinarily be too expensive for an individual investor to provide. The private sector is however open for any producer or investor to provide competitive services to make a profit.
Provide jobs lost in the private sector.
Because the private sector is entirely geared towards creating revenue at the cost of anything else. By contrast, revenue-gathering is not a concern for the public sector, while spending any money that would otherwise be revenue in useful ways is a major concern.
Private sector banks are better than public sector banks in the following aspects:They are more customer friendly and customer oriented. If they don't get customers they go out of business (Unlike public sector banks that would stay in business anyway because they are owned and run by the government)They offer more facilities than public sector banks (Because of the same reason in point a)They offer better interest rates for depositsThey offer a wider variety of products.I am not saying that public sector banks don't do all these things, just that they don't do it as aggressively or effectively as private sector banks because their existence is not dependent on customers whereas for private banks they will be bankrupt if customers refuse to bank with them.
The most advantage from postal service being in the private sector is that it would ensure faster, customer-friendly service to the common people. However, the public utility service i.e. Postal Service being in the hands of the private sector, they would not hesitate to enhance postal fees on frequent occasions.
I will put this in a list format: 1. You do not ever have to worry about being laid-off from your job. In the private sector they lay you off when things get slow to save money. 2. You have free health benefits. You get a pension instead of a 401k. Life Insurance. The benefits are just all around better in the public sector. In the private sector you will pay 30 - 50 dollars a week for you health insurance. 3. You work far less harder in the public sector because there is nobody really paying you out of their own pocket, it's all tax money paying these people. Where in the private sector your boss is paying you HIS money and is always interested in your productivity and what you are doing. 4. Almost every public employee is in a UNION so you can never be fired. People do errands while they should be working. When they get caught the UNION fights for them so they can not be fired. You can basically be a TERRIBLE worker and they can not fire you. In the private sector you will be fired for doing anything your boss does not like. 5. If you are a garbage man in the public sector you get about $17 to $20 dollars an hour. In the private sector this same person would be getting $12 maybe $13 dollars an hour. 6. You can make more money in the private sector but you need to be extremely hard working, talented and very educated at what you do. If you have your own business and it becomes very successful you will have to pay taxes on it which goes to the public sector employees and welfare. If you are just an average joe from a middle income family, if you go to college when you come out you will be making less than a public sector employee that did not go to college. If your family is rich and has rich connections you will probably make more money being in the private sector then in the public sector just because of who your family is. Lastly, I do not hate unions and public sector employees I wish I was one. In the end you can make more money in the private sector but you probably wont if you are working for somone. Start you own business and work hard at it and you will do ok but the path will not be as easy as just being a public sector employee.
Real estate is primarily considered a part of the private sector, as it involves the buying, selling, and management of properties by individuals and organizations for profit. However, public sector involvement can occur through government-owned properties, public housing projects, and land use regulations. In this context, while real estate itself is not inherently public sector, it can intersect with public interests and government initiatives.
I believe it would be the tourism public agency, the private sector and organizations that will help promote the tourism of the country.
Government spending and public sector investments are not considered private investments when calculating gross domestic product (GDP). GDP measures the total economic output of a country, and it distinguishes between private sector activities, such as consumer spending and business investments, and public sector activities. Additionally, imports and exports are also not classified as private investments, as they represent transactions between countries rather than domestic economic activity.