Difference between public sector and private sector Video
Difference Between Public and Private Sector - Class 11 Business Studies difference between public sector and private sector.If we talk about Private Sector, it is owned and managed by the private individuals and corporations. The aim of the public sector is to serve people, but private sector enterprises are established with the profit motive. In the public sector, the government has full control over the organisations.
both in the public and private sectors
Conversely, Private Sector companies enjoy less government interference. The employees of the public sector have the pfivate of the job along with that they are given the benefits of allowances, perquisites, and retirement like gratuity, pension, superannuation fund, etc. In the private sector working environment is quite competitive which is missing in the public sector because they are not established to meet commercial objectives. In general Public Sector uses Seniority for promoting employees, however, merit cum seniority is also taken as a base for promoting employees. Unlike Private Sector, where performance is everything, and so merit is considered as a parameter to promote them Conclusion Nowadays, Private Sector is progressing faster because promotes quality, not quantity; it encourages talent.
Private Schools or Public Schools
Public Sector is full of difference between public sector and private sector like reservations for minority section, females, a person with a disability and much more, here nobody sees talent, it is completely ignored and because of this, see more youths remain unemployed. Public sector enterprises give so many facilities to their employees, which makes them satisfied that their job is secured, due to which, all the people are running after it like it is a marathon.
However in the Private Sector, your sechor is never secured, even if you give years to it, you can be fired anytime just because of a single mistake. Again in the private sector, where performance is king, the workload is much, but it keeps you active, this is missing in the public sector due to which the work sometimes becomes monotonous which creates boredom. One thing is really good in Private Sector i.
In Public Sector, you have to pay lots of money to the government officers even for a simple work, for no reason. It is an unending debate, both are good at their places, if the drawbacks are removed, they will surely prove good for the economy.]
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