question_answer

Distinguish between private sector and public sector industries.

Answer:

Private Sector Industries	Public Sector Industries
(i) Private sector industries are owned and run by individuals.	(i) Public sector industries are owned and run by state or central government or its agencies.
(ii) They are profit-oriented industries.	(ii) They are need-based industries.
(iii) These industries produce goods mainly for external market. e.g., Reliance, Bajaj, TVS.	(iii) These industries produce goods for meeting the needs of the population. e.g., Iron and Steel industries BHEL, Railway equipment?s.