Difference between Public sector and Organised sector & private sector and unorganised sector?

Question

Answer

=》1.The main difference between the public sector and the organized sector is that the public sector comprises of organizations that are controlled by the government. While the organized sector comprises of those organizations that are registered with the government....
=》2.Unorganised sector is a sector where the employment terms are not fixed and regular as well as the enterprises are not registered with the Government but the private sector is the part of the economy sometimes referred to as the citizen sector, which is owned by private individuals or groups,

Answer

Public sectors are owned by government and private sector are owned by individual. Organised sector are also under the control of government but job under this sector are safe and given special benefits but unorganised sector are not under control of government and job under this sector are not safe and they are given low income.

Answer

The terms 'public sector' and 'organised sector' refer to different aspects of an economy or the workforce. Here are the key differences between the two:

1. Definition: The public sector refers to the part of the economy that is controlled and operated by the government. It includes government-owned entities, such as public schools, hospitals, defense establishments, and other government agencies. On the other hand, the organised sector refers to those segments of the economy where employment is regulated, and workers enjoy certain benefits and protections. It includes both public and private enterprises that follow labor laws and have formal employment contracts.

2. Ownership and Control: The public sector is owned and controlled by the government, which means that the government has a significant say in decision-making and resource allocation. In contrast, the organised sector can include both privately owned and publicly owned enterprises. While private enterprises have individual owners or shareholders, public enterprises are owned by the government but are run professionally.

3. Employment Conditions: In the public sector, employees are typically government employees, and their employment conditions are usually determined by government regulations and policies. They often enjoy certain job security, benefits, and pensions. In the organised sector, employees have formal employment contracts and are entitled to various legal protections, including minimum wages, working hours, leave benefits, and social security.

4. Revenue and Funding: The public sector is funded through various means, including taxes, government borrowing, and revenue generated by government-owned enterprises. In contrast, the organised sector relies on revenue generated by the sale of goods or services in the market. Private enterprises in the organised sector may also receive funding from investors or financial institutions.

5. Purpose and Objectives: The public sector is primarily focused on providing essential services to the public, such as healthcare, education, infrastructure development, and social welfare. Its objective is to meet the welfare needs of society rather than maximizing profits. The organised sector, whether public or private, is driven by profit motives and aims to generate revenue and create wealth for its owners or shareholders.

Overall, while the public sector is a specific part of the economy that is owned and controlled by the government, the organised sector encompasses a broader range of formal employment opportunities, both public and private, where workers have legal protections and certain benefits.

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