Business Studies

Can the public sector companies compete with private sector in terms of profit and efficiency? Give reasons for your answer.


SOLUTION
No, public sector companies cannot compete with private sector in terms of projects and efficiency. The reasons are:
  • Motive: The main objective of a public sector company is welfare of public but for a private sector company it is profitability.
  • Ownership: There is no or very less interference of government in the private sector compared to the public sector.
  • Management: The management of a public sector is usually less trained and skillful compared to a private sector company.
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