Question

In: Economics

Are there a difference between public sectors including non- profit sectors administration and private sector administration....

Are there a difference between public sectors including non- profit sectors administration and private sector administration. Explain difference and similarities examples.

Expert Solution

Diffrences:

Public Sector is controlled by Government and NGOs

Private Sector is owned and managed by the private individuals and corporations.

The aim of the public sector and NGOs is to serve people.

Private sectors are established for profit making.

The employees of the public sector have the security of the job along with that they are given the benefits of allowances, perquisites, and retirement like gratuity, pension, superannuation fund, etc. And the NGO persons work for the betterment of the society at their own interest.

These are absent in private sector.

Public sector or NGOs are not established to meet commercial objectives.

Private sector working environment is quite competitive towards commercial objectives.

Public sector or NGOs are based on seniority basis.

Private sector are purely based on performance.

Public sector or NGOs follows a bureaucratic approach.

Private administration has an egalitarian approach.

Decision making in public sector and NGOs administration is pluralistic.

In private sector administration, there is monopolistic decisions are taken.

Public sector and NGO officials are accountable to the general public.

Private sector administration is accountable to the owners.

Similarities: The main similarity is the generation of revenue in all three types. Although the purpose of NGOs is not for making profit but the revenue is used for its own sustention.

Public Sectors Example:

Audit Commission
AWE (Atomic Weapons Establishment)
The Cabinet Office
The Child Support Agency
Civil Service Fast Stream

NGOs Example:

Transparent Hands Foundation
Lutheran services in America
Samaritan’s Purse
MAP International
United States Fund for UNICEF

Private Sectors Example:

Cargill
Koch Industries
Albertsons
Dell
Pricewaterhouse Coopers

Rahul Sunny answered 1 year ago

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