Distinguish between the following.

Private sector organizations and Public sector organization.

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Solution

Basis of Difference Private Sector Organisation Public Sector Organisation

Ownership Owned by private individuals Owned by the central or state governments

Objective Profit is the prime objective Promotion of public welfare is the main objective

Management Managed by professional managers Managed by bureaucrats

Accountability Accountable to owners Accountable to the public

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Basis of Difference	Private Sector Organisation	Public Sector Organisation
Ownership	Owned by private individuals	Owned by the central or state governments
Objective	Profit is the prime objective	Promotion of public welfare is the main objective
Management	Managed by professional managers	Managed by bureaucrats
Accountability	Accountable to owners	Accountable to the public