What is the difference between the public sector and the private sector? ?
Please explain with a few examples if possible, thanks.
- 4 years agoFavorite Answer
Public sector comprises of companies or enterprises that are run by the government. It basically runs on a no loss, no profit basis.
Private sector comprises of companies or enterprises run by individuals or groups of individuals and the government has no control over it. It is mainly run for profit.
I didnt give examples since it depends on which country you are from but I think the explanantion should be clear enough.