In: Economics
Public sector identifies those sectors or group of functional units which are largely controlled and governed by the Government. These institutions are for the overall benefit and development of all the sections of the society, i.e. for each and every individual citizen. The Public sector units do not discriminate in distribution of their products or services.
Whereas, Private sector identifies those sectors or group of functional units which are largely controlled and governed by an individual or a firm or a large corporation. These institutions are for the maximization of their own profit through the production and distribution of their goods and services, i.e. they are not for each and every individual citizen and only for those who can afford their products and services. The Private sector units discriminate in distribution of their products or services. As per the affordability of the consumer.
Therefore, when a private sector firm or organization or units go on a strike, it does affect a large sector of the population, as their productivity lessens. But the scale of the effect of their non-productivity or absence is not wide spread. It only affects those who could afford them
Whereas, when a piblic sector firm or organization or units go on a strike, it hugely affects all of the population, as their productivity lessens. The scale of the effect of their non-productivity or absence is wide spread and affects each and every consumer in the nation. Therefore, the strike of a public sector firm creates huge turn arounds in the economy of a country.