Question

Differentiate the sectors of economy on the basis of ownership

Answer 1

Answer:

A public sector is owned by the government and a private sector is owned by an individual or a small group.

Explanation:

1. A Public sector is owned by the government for everyone to use

2. A Private sector is owned by individuals or small group of individuals for there personal benefits.

Answer 2

Answer:

Public sector It is owned by government for the benefit of everyone Private sector It is owned by individuals or group of individuals for their personal benefit