Public sector vs private sector

However, in a recession, there may be a sharp rise in consumer saving. This leads to a fall in spending and spare capacity. Smith is making sure that employees and potential employees know all about the "total rewards" of working for the city by promoting them in brochures, radio spots and a new video.

In most free economiesthe private sector makes up a big portion of the economy, as opposed to nations that have more state control over their economies, which have a larger public sector. Reducing welfare benefits e.

public sector vs private sector group discussion

Therefore, the government needs to provide nearly all goods with the characteristics of public goods. The promotion of the employees in private sector is given purely on the merit.

Conversely, Private Sector companies enjoy less government interference. Public Sector is full of reservations like reservations for minority section, females, a person with a disability and much more, here nobody sees talent, it is completely ignored and because of this, competent youths remain unemployed.

When you are spending public money you must be both accountable and transparent.

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Difference Between Public Sector and Private Sector (with Comparison Chart)