Using examples from your area compare and contrast activities and functions of Private and Public sectors.

Private Sector:
– Owned and operated by individuals or companies for profit.
– Examples include local shops, restaurants, and private companies.
– Aims at making money through products or services.
– Quick decision-making based on market demands.
– Employee motivation often involves better pay and career growth.
– Focuses on innovation and taking risks to stay competitive.

Public Sector:
– Owned and operated by the government for public welfare.
– Examples include public schools, hospitals, and government agencies.
– Aims to provide services to citizens regardless of profit.
– Decision-making involves government rules and procedures.
– Employee motivation often involves job security and stability.
– Focuses on providing essential services to all citizens equally.

In my area, private sector businesses such as local stores focus on making profits, while public sector entities like government schools aim to provide education to everyone without the need for profit. The private sector strives for innovation and profit, while the public sector focuses on meeting the needs of society and citizens.