What is a Public sector and a Private Sector?



Answers:
public sector enterprise are solely owned by goverment, for example surrounded by india at hand are companys resembling SAIL,BHEL, ONGC,GAIL,HPCL,etc are public sector company because most of the equities owned by goverment of india,whereas private sector are owned by individuals or group of individual,for example ,TATA STEEL,GRASIM,RELIANCE,TECH MAHINDRA,WIPRO AND INFOSYS ETC ARE private sector companys.
Public Sector is open out to all
Private Sector is individual for enduring ones
A lot of difference... Anyway i can say-so the Public sector firm is one which open its share to the broad public but it is unworkable for Private sector.

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