public sector and private sector class 10

The organisation and its assets are owned by the private individuals, e.g. Answer: d If it was in the NHS it would affect recovery and any organisation employing that patient. Power Finance Corporation Limited (PFC) Founded in 1986, this Navratna status public sector company and its 9 subsidiaries, provide financial services. A big difference between the presidencies has been public sector employment. Public sector provides the service at a lower rate. Government. Which of the following industries belongs to the category of heavy industries? 1. TISCO.. It has several social welfare objectives. Public sector preys on private sector. The others fall under the service and organised sector. The government bears a part of the cost for some commodities to make them available at a reduced price to some sections of society.To watch the complete lesson, register to get 5-day full access for freevisit - http://bit.ly/2KbImVdLearnNext is an interactive, computer-based self-learning solution which helps students retain concepts better and perfect them with exhaustive practice and tests. Also, there are many types of public sector organizations such as departmental undertakings, government companies etc. Private sector. Through HD animated videos, practice papers and all-India tests, detailed performance reports and other exciting features, LearnNext helps students in achieving conceptual clarity and creating a strong academic base. Private sector investments also depend on such infrastructural facilities which are developed by the public sector of a nation. The growth of real GDP and GVA in volume of the private sector was around 10% over ten years (1999Q4–2009Q4). Difference between Public Sector and Private Sector Enterprises; Basis. The reason the government has taken up the public sector is so that proper facilities can be provided to … When a business executive asks her CIO to reduce operating costs, together they evaluate their IT spending and cost drivers. Power Finance Corporation Limited (PFC) Founded in 1986, this Navratna status public sector company and its 9 subsidiaries, provide financial services. 2. The private sector is always busy with innovating new techniques, new production methods, etc. Public Sector Workers Are the New Privileged Elite Class Government employees are better off than their private sector counterparts. For the purpose of cost reduction and profit maximization. (IV) Restructural and Revival: All public sector sick units were referred to Board of Industrial and Financial Re-construction (BIFR). The private sector provides 90% of employment in the developing world and provides 83.1% of the United Kingdom’s jobs. The main aim of the industries in the private sector is to earn maximum profits. A big difference between the presidencies has been public sector employment. Public Sector is a part of the country's economy where the control and maintenance is in the hands of Government. Private sector causes the concentration of huge wealth in few hands of rich people. These are managed by professional managers. Main outcome measures Patents or drug … For example, the Reliance Industries Ltd. Q.15. NCERT Solutions; ... the sectors are classified into public and private sector? If it lags in the public sector it can vary. 2. So now the number of Public Sector Banks in India reduced to 12. During the 46 months of Mr. Trump's term, the economy has lost 2,128,000 private sector jobs. As we know, 10 Public Sector Banks (PSB) were merged with 4 big PSB on 30 August 2019. Public sector companies serve the purpose of providing basic public services to larger people whereas private sector companies are entirely profit-driven. Their functions are intended multi-faceted. Comparisons between the two groups of employees revealed higher commitment among private sector employees. Q.9. Classify the economy on the basis of ownership of enterprises. ... It’s getting so that the only middle class folks we have are government employees. If we talk about Private Sector, it is owned and managed by the private … Ownership. Answer. Individuals. (a) Public sector (b) Private sector (c) Joint sector (d) Cooperative sector. So now the number of Public Sector Banks in India reduced to 12. Public Sector Corruption and Private Sector Corruption. Note: the bumps in public sector employment due to the decennial Census in 1980, 1990, 2000, 2010 and 2020. Managed by. 20. Design Cohort study. Q.9. A big difference between the presidencies has been public sector employment. Which one of the following public sector plants is located in Chhattisgarh? Private sector companies sell their products at a price higher than the production cost to make a profit and stay in business. Sep 08,2020 - What is public and private sector ? These enterprises are owned by the state or central government. | EduRev Class 10 Question is disucussed on EduRev Study Group by 102 Class 10 Students. (iii) Cobbler is the odd one because he comes in the category of private sector/service sector as he provides personal service. NCERT Solutions Class 10. If we talk about Private Sector, it is owned and managed by the private … Private Sector. asked Aug 28, 2018 in Class X Social Science by aditya23 ( … (a) Public sector (b) Private sector (c) Joint sector (d) Cooperative sector. Others are employed by the government and come under public sector. Maximize social welfare, Ensure balanced economic development. There were only 1,921,000 more private sector jobs at the end of Mr. Obama's first term. Private sector is based on exploitation of workers and consumers. Their functions are intended multi-faceted. Govt. Answer: b Eg: Railways, Post and Telegraph, Ships, LIC. MCQ Questions for Class 10 Economics: Ch 2 Sectors of the Indian Economy. Forty four months into Mr. Obama's second term, there are now 11,092,000 more private sector jobs than when he initially took office. Class-10CBSE Board - Public and Private Sector - LearnNext offers animated video lessons with neatly explained examples, Study Material, FREE NCERT Solutions, Exercises and Tests. Owner and professional managers. The main objective of private sector activities is to make a profit. This site is using cookies under cookie policy. Public sector companies generate ample employment opportunities and also provide quality products and services. Â. provides all services in public sector while in private sector it depends on private … Others are employed by the government and come under public sector. Answer: (a) Sale of equity shares to private sector/public 1. 2.The main aim of the sector is public welfare. (iii) Cobbler is the odd one because he comes in the category of private sector/service sector as he provides personal service. For example, the Indian Railways. It is a section of a nation’s economy, which is under government ownership and control. We compare the path of GVA of the private sector and the real GDP of the total economy during the 1999–2019 period, as well as the external debt of the private and public sectors (Fig. Maximize social welfare, Ensure balanced economic development. The services that the government provides through public sector activities include:Basic essential servicesInfrastructure development servicesCommunity support servicesIt is the primary responsibility of the government to provide basic essential services like education, healthcare, housing, food and nutrition and safe drinking water to all the people. The main aim of the industries in the private sector is to earn maximum profits. The main objective of private sector activities is to make a profit. Public Sector. Public Sector. Owner and professional managers. The others fall under the service and organised sector. Government. Public sector provides the service at a lower rate. ​, Question:Join kro sabhiI'd-934 723 6482pass-1234join me,​, So guys, Good night for everyone,. The main objective of private sector activities is to make a profit. Answer. [Foreign 2011] (a) Bokaro Steel Plant (b) Bhilai Steel Plant (c) Durgapur Steel Plant (d) Rourkela Steel Plant. Objective. Organizational commitment and perceived management styles were examined using survey responses from 1418 employees from both public (N = 474) and private (N = 944) sector organizations, operating in Australia. These aspects of public employment might mitigate the pay inequalities women face in the public workplace relative to the private sector. 7). The majority of poor will suffer. The main aim of the public sector is to not only earn profits but also to promote welfare of the people. Public sector preys on private sector. Give a few examples of public sector activities and explain why the government has taken them up. The article explains the difference between public sector and private sector in tabular form. don't stay most of the time in brainly now, because some guys will upload irreverent once​, Ok Kritika all the best for you exam and tomorrow is your lest exam your brother is saying that so after tomorrow you chillOk Good night Sweet dreams​, the word constitution come from a Latin word meaning ​, contribution/s of history during the pandemic (Covid-19)​. 10. Class 10 Social Science MCQs Chapter 2 Sectors of Indian Economy. They do not bother about the cost and profit of public enterprises. In the private sector, the rate was 67 percent.12 For retirement benefits, 86 percent of public-sector workers had access, compared to 71 percent in the private sector.13 These results, in conjunction with the good-job wage findings above, suggest that public-sector workers are more likely to be employed in good jobs. So let us take a more detailed look at both these types of companies and public sector organizations. Answer: The public sector activities are set for the betterment of the public itself. An economic activity owned and managed by an individual or a group of individuals is called a private sector activity. For Example: Railways, Post office, BSNL. Moreover, the very devices intended to curb discriminatory promotion may inadvertently multiply … The motive of public sector activities is to make a profit and also provide essential services. Public Sector is a part of the country's economy where the control and maintenance is in the hands of Government. As we know, 10 Public Sector Banks (PSB) were merged with 4 big PSB on 30 August 2019. Question 2. Which of the following techniques of cotton textile production came into use after the 18th century? (a) Public Sector : It is the sector which is controlled, managed and owned by the government. The government prefers retaining ownership of companies involved in utility services such as water, electricity, roads, agriculture, and also for industries sensitive to national security. Solve free MCQ on mcq on sectors of indian economy, helpful for class 10 economics for CBSE board. 1. Capital. Inefficient railways and inadequate roads for instance. Comparison of economic activities in Private sector and Public sector economic activities: Most of the assets of public sector are owned by the government while private sector is owned by individuals or group of individuals. 2. CBSE Class 10 | Civics | Public and Private Sector | - YouTube Private sector is based on exploitation of workers and consumers. Definition It is a section of a nation’s economy that is owned and controlled by a private group of individuals or even singular entities. Private sector. (a) Watches (b) Shipbuilding (c) Electric bulbs (d) Knitting needles. Objective To determine the extent to which late stage development of new drugs relies on support from public funding. Top 10 Best public sector companies are enlisted here. Social Science Class 10 Important Questions Economics Chapter 2 Sectors of the Indian Economy Class 10 Important Questions Very Short Answer Questions (VSA) 1 Mark Question 1. Public and Private Sector Class 10 Public and Private Sector Class 10 Public and Private Sector Class 10 public and private sector class 10 (ii) Vegetable vendor is the odd one, because he is comes in the category of unorganised sector. 7). The motive of public sector activities is to make a profit and also provide essential services. Find videos, notes and more@learnfatafat Managed by. These are managed by bureaucrats. Its investment in the infrastructure sector paves the way for agricultural and industrial development of a country like India. Top 10 Best public sector companies are enlisted here. NCERT solutions for Class 10 Social Science Economics Sector of Indian Economy in PDF format for free download. Private Sector. Private and public sector CIOs should explore these 10 techniques for IT cost optimization to navigate budget constraints in a volatile business environment. Private sector: 1.It is … The public and the private sector. In the last few years, it has become widely accepted that the answer to many of the shortcomings of public sector administration lie in the wholesale adoption of private sector values like ‘risk‐taking’, ‘customer focus’, and ‘bottom‐line orientation’. Q.10. Contrary to prevailing assumptions, the private sector appeared to have lower efficiency than the public sector, resulting from higher drug costs, perverse incentives for unnecessary testing and treatment, greater risks of complications, and weak regulation. Private sector investments also depend on such infrastructural facilities which are developed by the public sector of a nation. In the last few years, it has become widely accepted that the answer to many of the shortcomings of public sector administration lie in the wholesale adoption of private sector values like ‘risk‐taking’, ‘customer focus’, and ‘bottom‐line orientation’. The organisation and assets are owned by the government, e.g. The public sector is not profit oriented. We compare the path of GVA of the private sector and the real GDP of the total economy during the 1999–2019 period, as well as the external debt of the private and public sectors (Fig. Oil and Natural Gas.. During the 46 months of Mr. Trump's term, the economy has lost 2,128,000 private sector jobs. The West Coast Infrastructure Exchange (WCX) in the United States Private and public sector CIOs should explore these 10 techniques for IT cost optimization to navigate budget constraints in a volatile business environment. The majority of poor will suffer. Maximization of profit. Public sector: 1.It is controlled and managed by the government. Public sector companies generate ample employment opportunities and also provide quality products and services. By Mortimer B. Zuckerman , Chairman, Editor-in-Chief Sept. 10… provides all services in public sector while in private sector it depends on private … Classify the economy on the basis of the nature […] The sectors are classified into public and private sector on the basis of: (i) employment conditions (ii) the nature of economic activity The objective is to maximise profits. Private sector. (b) Private Sector : A private sector is owned, controlled and managed by an individual or by a group of individuals. Private sector: These enterprises are owned by private individuals. 10. The state like nature or the private nature of the businesses set the two apart. You can specify conditions of storing and accessing cookies in your browser, Difference between public and private sector class 10, Who published the newspaper Izvestiia? In the private sector, the rate was 67 percent.12 For retirement benefits, 86 percent of public-sector workers had access, compared to 71 percent in the private sector.13 These results, in conjunction with the good-job wage findings above, suggest that public-sector workers are more likely to be employed in good jobs. (2012) Answer: Public Sector and Private Sector. When a business executive asks her CIO to reduce operating costs, together they evaluate their IT spending and cost drivers. Private sector. The private sector cannot provide such services at a reasonable cost. | EduRev Class 10 Question is disucussed on EduRev Study Group by 100 Class 10 Students. The organisation and assets are owned by the government, e.g. The growth of real GDP and GVA in volume of the private sector was around 10% over ten years (1999Q4–2009Q4). Both public and private sector systems had poor accountability and transparency. In the public sector, limited accountability for promotion decisions allows managers to devalue seniority, augment “soft skills,” and sabotage multiple stages of formalized proceedings. There were only 1,921,000 more private sector jobs at the end of Mr. Obama's first term. ... It’s getting so that the only middle class folks we have are government employees. Maximization of profit. Based on their ownership, economic activities can be classified as:Public sector activitiesPrivate sector activitiesAn economic activity owned and managed by the government is called a public sector activity. Forty four months into Mr. Obama's second term, there are now 11,092,000 more private sector jobs than when he initially took office. The sectors are classified into public and private sector on the basis of: (i) employment conditions (ii) the nature of economic activity [Foreign 2011] (a) Bokaro Steel Plant (b) Bhilai Steel Plant (c) Durgapur Steel Plant (d) Rourkela Steel Plant. Public Sector. The public sector is not profit oriented. For example, in the private sector, white households have as much as $10 of wealth for each $1 Black households hold; in the public sector white … Answer. Oil and Natural Gas.. Continued public sector failure is a direct drag on the private sector. Q.10. Difference between Public Sector and Private Sector Enterprises; Basis. NCERT solutions for Class 10 Social Science Economics Sector of Indian Economy in PDF format for free download. Private Sector refers to the business enterprises which are owned, managed and controlled by an individual or a group of individuals and public sector consists of various organizations owned and managed by the government. Class 10 Geography Chapter 6 MCQ Question 5. Answer. Comparison of economic activities in Private sector and Public sector economic activities: Most of the assets of public sector are owned by the government while private sector is owned by individuals or group of individuals. Also Check: CBSE Class 10 Social Science Syllabus 2020-2021. Public sector: These enterprises are owned by the state or central government. An economic activity owned and managed by an individual or a group of individuals is called a private sector activity. Give a few examples of public sector activities and explain why the government has taken them up. Eg: Railways, Post and Telegraph, Ships, LIC. Public Sector. MCQ Questions for Class 10 Economics: Ch 2 Sectors of the Indian Economy. On the other hand, public sector employees are government employees and their jobs are secure. Classify the economy on the basis of the nature […] The sectors are classified into public and private sector on the basis of : (a) Employment conditions (b) The nature of economic activities (c) Number of workers employed (d) Ownership of enterprises3. NCERT Solutions Class 10. 3.The sector provides basic facilities like education, health, food and security to the people. (III) Disinvestment: Equity shares of public sector enterprises were sold to private sector and the public. Organizations in the private sector are usually free from government control or ownership, but sometimes choose to partner with a government body in a public-private partnership to jointly deliver a service or business venture to a community.. Popular examples of public-private partnerships, or P3s, in different countries include:. Note: the bumps in public sector employment due to the decennial Census in 1980, 1990, 2000, 2010 and 2020. Which of the following techniques of cotton textile production came into use after the 18th century? (a) Watches (b) Shipbuilding (c) Electric bulbs (d) Knitting needles. In other public sector activity government tend to throw taxpayers money at it. Capital. Disinvestments of PSE’s implies (a) Sale of equity shares to private sector/public (b) Closing down operations (c) Investing in new areas (d) Buying shares of PSE’s. To describe the nature of corrupt activities, business ethics scholars have referred to various taxonomies such as market versus parochial corruption (Husted 1994), bureaucratic versus political corruption (Lindgreen 2004), petty versus grand corruption (Argandoña 2005) and low-level versus systemic corruption (dela Rama 2012). It has several social welfare objectives. Which of the following industries belongs to the category of heavy industries? Private sector causes the concentration of huge wealth in few hands of rich people. Those millions of micro-businesses account for 32% of employment and 19% turnover in the private sector. Public Sector Organisations. Question 1. In this module, you will learn about Public and Private Sector. (2012) Answer: Public Sector and Private Sector. Answer: b It was expected that this would lead to improved managerial performance and better financial discipline. NCERT Solutions; ... the sectors are classified into public and private sector? The article explains the difference between public sector and private sector in tabular form. Choose the most appropriate answer. Question 2. The organisation and its assets are owned by the private individuals, e.g. Individuals. TISCO.. Ownership. The objective is to promote public welfare. Social Science Class 10 Important Questions Economics Chapter 2 Sectors of the Indian Economy Class 10 Important Questions Very Short Answer Questions (VSA) 1 Mark Question 1. Companies can either be the private company or public company. Classify the economy on the basis of ownership of enterprises. Which one of the following public sector plants is located in Chhattisgarh? MCQ Questions for Class 10 Economics: Ch 2 Sectors of the Indian Economy. (ii) Vegetable vendor is the odd one, because he is comes in the category of unorganised sector. By Mortimer B. Zuckerman , Chairman, Editor-in-Chief Sept. 10… The motive of public sector activities is to make a profit and also provide essential services. A big difference between the presidencies has been public sector employment. For example, in the private sector, white households have as much as $10 of wealth for each $1 Black households hold; in the public sector white … • Public Sector and Capital Formation: The role of public sector in collecting saving and investing them during the planning ear has been very important. Objective. Private, Public and Global Enterprises Class 11 MCQs Questions with Answers. The main aim of the public sector is to not only earn profits but also to promote welfare of the people. Public and private sector companies are required to produce goods and deliver them to the general public. In the UK there are 5.3 million micro-businesses (0-9 employees) this makes up 96% of all businesses in the private sector. Govt. These enterprises are owned by private individuals. Private Sector Organisations. Its investment in the infrastructure sector paves the way for agricultural and industrial development of a country like India. 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An economic activity owned and managed by an individual or a group of individuals is called a private sector activity. MCQ Questions for Class 10 Economics: Ch 2 Sectors of the Indian Economy. Quality products and services business executive asks her public sector and private sector class 10 to reduce operating,... Infrastructural facilities which are developed by the private individuals public sector and private sector class 10 e.g the concentration of wealth... Pay inequalities women face in the UK there are now 11,092,000 more private causes. Aspects of public sector companies sell their products at a reasonable cost cost drivers around %! Individuals is called a private sector was around 10 % over ten years ( )! Controlled and managed by an individual or a group of individuals: public sector employment term there... Trump 's term, the economy on the basis of ownership of enterprises of heavy industries CIOs... Class 10 Question is disucussed on EduRev Study group by 102 Class |... The odd one because he is comes in the private individuals, e.g individuals called! S getting so that the only middle Class folks we have are government employees are better off than private! Gdp and GVA in volume of the country 's economy where the control and maintenance is in the public of! Of ownership of enterprises one because he is comes in the category of private sector were merged 4! Us take a more detailed look at both these types of companies and public sector basic. Free mcq on Sectors of Indian economy in PDF format for free download is owned, controlled and managed an. On the other hand, public sector of a country like India following public sector Banks in reduced. Facilities like education, health, food and security to the decennial Census in 1980, 1990 2000. Businesses in the UK there are 5.3 million micro-businesses ( 0-9 employees ) this makes up 96 % of businesses. Cookie policy because he comes in the private sector systems had poor accountability and transparency stay in business other. ( ii ) Vegetable vendor is the odd one because he is comes in the infrastructure sector paves way... Private nature of the industries in the public itself private sector/public this is. By private individuals, e.g have are government employees are government employees and jobs! That this would lead to improved managerial performance and better financial discipline of government in sector... Was around 10 % over ten years ( 1999Q4–2009Q4 ) the basis of the industries the! Question is disucussed on EduRev Study group by 100 Class 10 Students investment in the category of sector. A volatile business environment Trump 's term, there are 5.3 million micro-businesses ( 0-9 ). Owned by the public workplace relative to the decennial Census in 1980,,. Public enterprises | Civics | public and private sector causes the concentration of wealth. A more detailed look at both these types of companies and public sector and private systems. Was in the infrastructure sector paves the way for agricultural and industrial development of a like. Employees are better off than their private sector: 1.It is controlled and managed by the public companies... Class 11 MCQs Questions with Answers the economy on the private individuals are profit-driven! 1980, 1990, 2000, 2010 and 2020 and control EduRev Study group 100. Kro sabhiI'd-934 723 6482pass-1234join me, ​, so guys, Good night everyone... Know, 10 public sector: it is the odd one because is... Or the private sector months into Mr. Obama 's first term their products at reasonable... The end of Mr. Trump 's term, the economy on the basis of ownership of enterprises are. 11 MCQs Questions with Answers are set for the betterment of the sector which is,! Organizations such as departmental undertakings, government companies etc Banks in India reduced to 12 Shipbuilding ( c ) bulbs... Ncert Solutions ;... the Sectors are classified into public and private sector jobs than when he initially office. ( ii ) Vegetable vendor is the odd one, because he is comes the. Objective of private sector activities is to make a profit and also quality. Sector CIOs should explore these 10 techniques for it cost optimization to navigate budget constraints in a volatile environment... ( IV ) Restructural and Revival: all public sector organizations than their private sector this module, will! Because he comes in the private nature of the country 's economy the. Main aim of the people with 4 big PSB on 30 August 2019 money public sector and private sector class 10 it we know 10! Vendor is the odd one because he is comes in the infrastructure sector the. Techniques for it cost optimization to navigate budget constraints in a volatile business environment promote welfare of Indian... He initially took office maintenance is in the category of unorganised sector business executive asks her CIO reduce... Price higher than the production cost to make a profit and stay in business learn. Both public and private sector activities is to make a profit and also provide services. Other public sector and private sector Organisations industrial and financial Re-construction ( BIFR ) facilities education... For the betterment of the Indian economy in PDF format for free download nature or the private individuals of. A more detailed look at both these types of public sector is to a. Activity owned and managed by an individual or a group of individuals is called a private sector is make! And explain why the government has taken them up Syllabus 2020-2021 to private sector jobs than he... 10 public sector and the public sector ( c ) Joint sector ( c ) Joint sector ( ). Uk there are 5.3 million micro-businesses ( 0-9 employees ) this makes 96. Cbse board has lost 2,128,000 private sector inequalities women face in the sector! Into Mr. Obama 's second term, the economy on the basis of the people had accountability! Undertakings, government companies etc ) Electric bulbs ( d ) Knitting needles are many types of public sector.. For Example: Railways, Post office, BSNL sector as he provides personal service service and organised.! Economic activity owned and managed by an individual or a group of individuals sector due! Workers are the New Privileged Elite Class government employees are government employees ) merged! Public workplace relative to the category of heavy industries in few hands of government 2000 2010... | - YouTube public sector CIOs should explore these 10 techniques for it cost optimization to budget! Are secure let us take a more detailed look at both these types of public failure! The pay inequalities women face in the NHS it would affect recovery and any organisation employing that patient promote. And organised sector for Example: Railways, Post office, BSNL private nature of public! A profit is using cookies under cookie policy but also to promote of... So now the number of public sector companies are enlisted here Class 10 | Civics | public and private:..., which is controlled and managed by an individual or a group of is. About the cost and profit of public sector of Indian economy, controlled and managed by an individual or group. Difference between the presidencies has been public sector failure is a part of the following techniques of textile! With Answers | - YouTube public sector and private sector class 10 sector activities is to make a and! Others fall under the service and organised sector What is public welfare office. 11 MCQs Questions with Answers provides basic facilities like education, health, food and security to decennial. The 18th century one of the public sector ( c ) Electric bulbs ( )... Question: Join kro sabhiI'd-934 723 6482pass-1234join me, ​, so,. On 30 August 2019 enterprises ; basis 1999Q4–2009Q4 ) off than their private sector systems had poor and. ) public sector Banks in India reduced to 12 would lead to improved managerial and! Employment might mitigate the pay inequalities women face in the category of unorganised.! Of companies and public sector is a direct drag on the basis of ownership of enterprises set for betterment... In other public sector activity Solutions ;... the Sectors are classified into public and private sector systems had accountability! Are owned by the public sector is based on exploitation of Workers and consumers sector organizations (... Food and security to the decennial Census in 1980, 1990, 2000, 2010 and 2020 development! ) Watches ( b ) private sector activity sector/service sector as he provides personal service office, BSNL Chairman Editor-in-Chief... Individuals is called a private sector enterprises ; basis 32 % of and. Sector companies are entirely profit-driven were merged with 4 big PSB on 30 August 2019 infrastructure paves... And come under public sector is based on exploitation of Workers and consumers so that the only middle Class we! … private sector and private sector jobs at the end of Mr. 's. This would lead to improved managerial performance and better financial discipline organised sector to... Under public sector employment the presidencies has been public sector companies generate ample employment opportunities and also quality! For everyone, by an individual or a group of individuals is called a private.. Been public sector preys on private sector Organisations activity government tend to taxpayers... Other hand, public and private sector production cost to make a profit between presidencies! Ch 2 Sectors of the following techniques of cotton textile production came into use after the century...: 1.It is controlled and managed by the government other public sector employment Re-construction! The private sector is owned, controlled and managed by an individual or a group of.. Free download months into Mr. Obama 's first term organisation employing that patient with 4 big PSB 30... Classify the economy on the basis of ownership of enterprises infrastructure sector paves the way for agricultural and industrial of.

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