Difference between private and govt organizations

Private organisation and government organisation

1. PRIVATE ORGANIZATION AND GOVERNMENT ORGANIZATION TOPIC : COURSE : BACHELOR IN PHYSIOTHERAPY FIRST SEMESTER BY - DR. PRIYANKA SETHI Name of student : TANYA ASSIGNMENT OF PSYCHOLOGY

2. INDEX MEANING AND DIFINITION OF ORGANISATION DIFFERENCE BETWEEN PRIVATE AND GOVERNMENT ORGANIZATION CONCLUSION

3. Meaning and definition of organization Meaning : An entrepreneur organizes various factors of production like land, labor , capital, machinery, etc. for channelizing them into productive activities. The product finally reaches consumers through various agencies. Business activities are divided into various functions, these functions are assigned to different individuals. Definition: An  organization  is a group of people who work together, like a neighborhood association, a charity, a union, or a corporation.  Organization  is also the act of forming or establishing something (like an  organization ). It can also refer to a system of arrangement or order, or a structure for classifying things.

4. Difference between private and government organization

5. Private organization The private sector is usually composed of organizations that are privately owned and not part of the government. These usually includes corporations (both profit and non-profit) and partnerships. An easier way to think of the private sector is by thinking of organizations that are  not  owned or operated by the government. For example, retail stores, credit unions, and local businesses will operate in the private sector. Govt. organization The public sector is usually composed of organizations that are owned and operated by the government. This includes federal, provincial, state, or municipal governments, depending on where you live. Privacy legislation usually calls organizations in the public sector a  public body  or a  public authority . Some examples of public bodies are educational bodies, health care bodies, police and prison services, and local and central government bodies and their departments.

6. Basis for comparison Public sector Private sector Meaning The section of a nation's economy, which is under the control of government, whether it is central, state or local, is known as the Public Sector. The section of a nation's economy, which owned and controlled by private individuals or companies is known as Private Sector. Basic objective To serve the citizens of the country. Earning Profit Raises money from Public Revenue like tax, duty, penalty etc. Issuing shares and debentures or by taking loan

7. Areas Public sector Basis for comparison Private sector Police, Army, Mining, Health, Manufacturing, Electricity, Education, Transport, Telecommunication, Agriculture, Banking, Insurance, etc. Finance, Information Technology, Mining, Transport, Education, Telecommunication, Manufacturing, Banking, Construction, Pharmaceuticals etc. Benefits of working Job security, Retirement benefits, Allowances, Perquisites etc. Good salary package, Competitive environment, Incentives etc. Basis of Promotion Seniority M erit Job stability Yes No

8. Conclusion In the private sector, where performance is king, the workload is much, but it keeps you active, this is missing in the public sector due to which the work sometimes becomes monotonous which creates boredom. One thing is really good in Private Sector i.e. it is corruption free. In Public Sector, you have to pay lots of money to the government officers even for a simple work, for no reason. It is an unending debate, both are good at their places, if the drawbacks are removed, they will surely prove good for the economy.