NCERT Important Questions Class 10 Social Science Economics Chapter 2
Important NCERT Extra Questions
Chapter 2 Sectors of the Indian Economy
NCERT Book Extra Questions for Session 2022-2023
CBSE Board and UP Board Others state Board
Mention any three differences between public sector and private sector.
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Differences between public sector and private sector are as mentioned below:
public sector:-
(1) most of the assets are owned by the government e.g., Railways and Post and Telegraph departments
(2) All the services are provided by the government.
(3) Activities of public sectors are guided by the interest of the nation as a whole. Examples are construction of roads, bridges, harbours, and generating electricity.
(4) In public sector, employees get security of service and other benefits such as pension, gratuity, leave, medical facilities. There is disciplined and regular work.
private sector:-
(1) Assets are owned by the Private individuals e.g., Reliance Industries.
(2) Delivery of services is in the hands of private individuals or companies.
(3) These activities are guided by the motive to earn profits. To get such services, we pay money to these individuals or companies.
(4) In private sector, jobs of the employees are less secured. They do not get other benefits such as pension and regular work.