PUBLIC SECTOR COMPANY AND A PRIVATE SECTOR COMPANY

Differences Between a Public Sector Company and a Private Sector Company and Explain the Differences between a Partnership and a Private Limited Company



Differences Between a Public Sector Company and a Private Sector Company and Explain the Differences between a Partnership and a Private Limited Company

The public sector needs to concentrate on communal support services such as roads, postal services, tele-communications and perhaps research and extension provide it can do so without stalling. (Carnevale, 2009) This would also include policies for prices with due consideration for rural and urban sectors of the economy that will assure the farmers a reasonable return on the production that will justify the necessary inputs for national self-sufficiency and reasonable prices for the urban populations. It would also include the necessary statistical surveys that will identify shortfall in time for arrange for essential imports and license exports for surpluses. I also include in this large irrigation system that includes multiple villages and multiple secondary canals etc. and thus become a communal concern. The private sector is more efficient in providing the direct individual support services providing inputs, marketing produce, support services such as contract mechanization, etc.

The main types of business organisation in the private sector in the UK are - sole traders, partnerships, companies and franchises. The sole trader is the most common form of business ownership and is found in a wide range of activities (e.g. window cleaning, plumbing, electrical work, busking). In the UK about 20% of sole traders operate in the construction industry, a further 20% in retailing, and about 10in finance, and 10% in catering. No complicated paperwork is required to set up a sole trader business.

Decisions can be made quickly and close contact can be kept with

customers and employees. All profits go to the sole trader, who also has the satisfaction of building up his or her own business. But there are disadvantages.

The role and scope of the public sector and state sector are often the biggest distinction regarding the economic positions of socialists, liberals and libertarian political philosophy. In general, socialists favor a large state sector consisting of state projects and enterprises, at least in the commanding heights or fundamental sectors of the economy (although some socialists favor a large cooperative sector instead). Social democrats tend to favor a medium-sized public sector that is limited to the provision of universal programs and public services. Economic libertarians and minarchists favor a small public sector with the state being relegated to protecting property rights, creating and enforcing laws and settling disputes, a "night watchman state". Anarchists favor no public sector at all, with these powers enforced by voluntary associations or private organizations which are hired to provide these services

As a sole trader you have to make all the decisions yourself, and you may have to work long hours (what do you do if you are ill or want a holiday?) You do not have limited liability, and you have to provide all the ...