Question:
Differentiate between Public sector industry and Private industry
Differentiate between Public sector industry and Private industry
Updated On: Sep 13, 2025
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Solution and Explanation
Public sector industry refers to industries owned and operated by the government, such as
Bharat Heavy Electricals Limited (BHEL), Indian Oil Corporation (IOC), and others. These
industries are focused on serving public welfare and are funded by taxpayer money.
Private sector industry refers to industries owned and operated by private individuals or companies. These industries focus on profit-making and are not directly controlled by the government. Examples include Tata Steel, Reliance Industries, etc.
Private sector industry refers to industries owned and operated by private individuals or companies. These industries focus on profit-making and are not directly controlled by the government. Examples include Tata Steel, Reliance Industries, etc.
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