How is the public sector different from the private sector (i.e., types of problems, services, ethical responsibility,

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How is the public sector different from the private sector (i.e., types of problems, services, ethical responsibility, leadership challenges, stakeholders, etc.)?

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One of the difference between the public and private sectors is that the public sector is not profit driven in the business sense of the term. However, the motivations for innovation found in the public sector are probably also present in private firms. The public sector is the part of the economy, where goods and services are provided by the government or local authorities carrying out the task instead. The private sector consists of business activity that is owned, financed and run by private individuals. The difference is that in public management, political processes ensure that leadership changes frequently, while in private organisations, individuals can stay in leadership positions for an indefinite number of years. In case of private sector organisations, on the other hand, internal stakeholders are shareholders and organisational employees at all levels and suppliers, whereas external stakeholders include government agencies, media, and population at large external. Public sector is controlled and managed by the government whereas the private sector is managed by an individual or a group. The main aim of public sector is public welfare whereas the main aim of private sector is to earn profits. Public sector provides basic facilities like education, health, food and security to the people. For Example: Railways, Post office, BSNL.Private sector does not provide any service at a reasonable rate. For example: Tatas, Birlas, Reliance.

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How is the public sector different from the private sector (i

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