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Question : 25
Total: 26
Compare the economic activities of the private sector with that of the public sector.
| S.No. | Private Sector | Public Sector |
|---|---|---|
| 1. | Ownership of assets and delivery of services is in the hands of the private individuals or companies. | The government owns most of the assets and provides all services. |
| 2. | Their main motive is to earn profit. | Their main motive is public welfare rather than to earn profit. |
| 3. | Their main motive is to earn profit. | Their main motive is public welfare rather than to earn profit. |
| 4. | Due to the motive of earning profit it does not invest funds to construct infrastructures for public utility/facility. | Due to motives of public welfare, it invests funds to construct infrastructures for public utility/facility, like construction of roads, bridges, etc. |
| 5. | Examples: Tata Iron and Steel Company Ltd. (TISCO), Reliance Industries Ltd., etc. | Examples: Railways, post office, police station, etc. |
Solution:
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