25 Explain the difference between a public sector business and a private sector business.

[Fatima ibtehaj]

[KN]A public sector business is owned and run by the government, while a private sector business is owned by individuals or private companies
[APP]For example, the NHS in the UK is a public sector business that provides health care, while Tesco is a private sector supermarket that aims to make a profit
[AN]The public sector focuses on providing services for the public, even if they don’t make money. In contrast, private businesses usually aim to make a profit and can be more efficient, but they might not always care about fairness or access for everyone

[Abdullah Mohsin]

[KN] A public sector business is owned and controlled by the government, while a private sector business is owned and controlled by individuals or groups of shareholders.
[APP] For example, a government-owned railway service in the public sector focuses on providing affordable transport for citizens, even if it is not profitable. On the other hand, a private sector airline is run by entrepreneurs who aim to maximise profits by offering competitive prices and premium services.
[AN] Therefore, the difference is that the public sector business prioritizes social welfare while the private sector business aims for profit maximisation and efficiency.

[Mahnoor satti]

[KN] Private sector business are owned by individuals, whereas public sector business are owned and controlled by the government.
[APP] For instance, schools and hospitals are owned and controlled by government which provides the basic need of education and healthcare.
[AN] Thus this helps the people who cant afford the expensive basic needs which are provided by private sector get the basic needs improving many living standards and hence improve the country's education and health level in long run.

[sarah_naeem]

[KN]: A private sector is owned by people whereas public sector are owned and controlled by the government.
[APP]: For example, hospitals are owned by the government which focus on proving services to the public at an affordable price rather than focusing on profit whereas a bakery or restaurant also provide services but focus on profit.
[AN]: Due to this, public sector businesses offer people healthcare which improves their living standards it also increases employment which further leads to higher incomes and reduces poverty whereas private sector businesses are not really a need but a want as they are more for the elite people because they provide services with added-value and charge higher prices.

[M huzaifa jillani]

(KN)
A public sector business is owned and run by the government while a private sector business is owned by private individuals or shareholders.
(APP)
For example Pakistan Post is a public sector organisation but TCS Courier is a private sector company.
(AN)
This means the public sector mainly aims to provide services for society even if profits are low while the private sector mainly amis to make profits to reward its owners.

[Ruqyia Salman]

[KN] A public sector business is owned and controlled by the government, whereas a private sector business is owned by individuals or shareholders.
[APP] For example, a public hospital is run by the state to provide healthcare services, while a private hospital is owned by entrepreneurs aiming to make profit.
[AN] This means public sector businesses focus on social welfare and accessibility, while private sector businesses focus more on efficiency and profit-making.

[Uqbah hadeed kayani]

[kn] The main difference is that public sector businesses are owned and run by the government, while private sector businesses are owned by individuals or shareholders.
[app] For example, a government-owned railway operates under the public sector, while a company like Toyota is in the private sector.
[an] This means public sector firms aim to provide public services and welfare, whereas private sector firms focus on profit, efficiency, and market competition.

[Haiderabbas]

KN: Public sector businss is owned by the government while private sector business is owned by the people.
APP: e.g Pakistan Post is a public sector business while Ufone is a private sector business.
AN: Private servies like Ufone mobile services are not reliant on taxes so the government can instead use the extra funding on other projects leading to lesser opportunity cost.

[Tuqwa]

kn:The main difference between a public sector business and a private sector business lies in ownership and objectives. App:A public sector business is owned and controlled by the government and mainly aims to provide services such as healthcare or education.In contrast a private sector business is owned by individuals or shareholders and focuses on making profit. An:This means public sector organisations prioritise public welfare while private sector firms aim to maximise income and growth.

[Daris]

KN: The main difference between a public sector and a private sector business is ownership and purpose. Public sector businesses are owned and controlled by the government, while private sector businesses are owned by individuals or companies.
APP: For example, a government-owned railway focuses on providing affordable transport, while a private transport company aims to earn profit.
AN: This means public sector firms aim to serve society and ensure equal access to essential services. Private firms focus on efficiency and innovation to increase profits, which can lead to business growth and job creation in the economy.