Class 10 Social Science - Understanding Economic Development - Chapter Sectors of the Indian Economy NCERT Solutions | Using examples from your area compare an

Welcome to the NCERT Solutions for Class 10th Social Science - Understanding Economic Development - Chapter Sectors of the Indian Economy. This page offers a step-by-step solution to the specific question from Excercise ".$ex_no." , Question 18: using examples from your area compare and contrast....
Question 18

Using examples from your area compare and contrast that activities and functions
of private and public sectors.

Answer

In the private sector, the assets and industries are owned by the individuals whereas in the public sectors, industries are owned by the government. Private sector gives emphasis on earning profits rather than considering the benefits and interests of its employees. The public sector, on the other hand works to provide facilities to the public and to earn profits at the same time. Some common examples of the public sector include banks, hospitals and railways undertaken the government. The common examples of the private sector include IT companies, nails showrooms, etc.

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