{"id":7404,"date":"2022-07-06T15:00:00","date_gmt":"2022-07-06T13:00:00","guid":{"rendered":"https:\/\/www.difference101.com\/?p=7404"},"modified":"2022-07-05T13:08:25","modified_gmt":"2022-07-05T11:08:25","slug":"public-sector-vs-private-sector","status":"publish","type":"post","link":"https:\/\/www.difference101.com\/public-sector-vs-private-sector\/","title":{"rendered":"Public Sector vs. Private Sector: What Is the Difference Between Public Sector and Private Sector?"},"content":{"rendered":"\n

Public Sector vs. Private Sector<\/strong>: Every country’s economy is classified into different firms, representing the country’s growth, infrastructure, and functioning. These firms mainly involve both the public and private sectors. The main difference between the public and private sector is that the public sector is managed by the government to benefit the general population. While the private sector is handled by private individuals or corporations. <\/p>\n\n\n\n

Let’s take a closer look at public vs. private sector:<\/strong><\/p>\n\n\n\n

Purpose<\/strong><\/td>The public sector is for the benefit of the population, while the private sector works for its own profit.<\/td><\/tr>
Promotion<\/strong><\/td>The public sector gives promotions to its worker every year while the private sector doesn’t<\/td><\/tr>
Security<\/strong><\/td>The public sectors provide a high level of security, while there are no retirement benefits in the private sector.<\/td><\/tr>
Job Stability<\/strong><\/td>Once you get a permanent job in the public sector, you will be stable, while the private sector cannot guarantee a permanent job.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
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Table of Contents<\/p>\n