PUBLIC SECTOR

PUBLIC SECTOR

• The ownership, management and control is in the hands of the government.
• Departmental organisation, statutory or public corporation and government companies come under the public sector.
• The main motive of the public sector organisation is to serve Society and or provide essential services to the people.

FEATURES

1. They are owned and controlled by the government.
2. They are service as well as welfare oriented.
3. They are financed by the Government.
4. Decision making is not as quick as in the private sector.
5. The funds for the organisation are mainly through allocation made in the annual budget.

REFERENCE: -

Refer from XII th Std. Government Text Book