Business Studies

Vodafone Ltd. is a big company providing telecom services to lacs of people in our country. Another group which is providing similar services is 'MTNL* (Mahanagar Telecom Nigam Limited). They are also enjoying good position in providing telecom services to many people. MTNL is directly accountable to public and it is financed and controlled by government, whereas Vodafone is not under the direct control of government.
(a)  The given case is referring to two enterprises working in different sectors. Name the sector in which these enterprises are working.
(b)  MTNL is accountable to public, Vodafone, is accountable to whom?
(c)  Give any three, points of difference between both the sectors.


SOLUTION
(a) Vodafone Ltd. belongs to the private sector and MTNL belongs to the public sector.
(b) Vodafone is accountable to its shareholders
(c) The difference between private and public sectors are as follows:
  • Objective: Private sector focuses on public welfare but private sector focuses on profitability.
  • Knowledge and skills: Generally, private sector employees are more knowledgeable and skillful compared to public sector employees.
  • Ownership: Public sector is accountable to the government and private sector is accountable to the owners of the company or the shareholders.
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