The Key Difference Between Public and Private Sector

public vs private sector
Feature	Public Sector	Private Sector
Definition	Organizations owned and operated by the government.	Businesses owned and operated by private individuals or companies.
Objective	Provide public services and welfare, not primarily profit-driven.	Profit maximization and business growth.
Funding	Funded mainly through taxes and government budgets.	Funded through private investments, sales, and capital markets.
Accountability	Accountable to the public and government authorities.	Accountable to owners, shareholders, and customers.
Efficiency	Often less efficient due to bureaucracy and regulations.	Generally more efficient due to competition and profit motive.
Examples	Public schools, government hospitals, postal services.	Private banks, retail chains, tech companies.
Employment	Jobs often have more stability and benefits but slower growth.	Jobs may offer higher pay and growth but less job security.