PA 3150 video presentation

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by ronak ghumman4 views·Updated Sep 20, 2021
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  1. Good afternoon everyone.
  2. My name is Ron egg.
  3. And today I will be informing you on the differences
  4. between the public and private sector.
  5. What is the public sector?
  6. Well, public sectors are made up of companies, businesses and
  7. enterprises. Where the government is the owner of the business
  8. by a majority shareholding in that business.
  9. These businesses are controlled operated and managed by the government.
  10. Why do we have a public sector?
  11. Some may ask, the purpose of a public sector in
  12. today's world is to allow the community to have civil
  13. services. This allows the economy to have their business companies
  14. or enterprises to become self sustainable and profitable.
  15. However, profits are not the main objective here.
  16. Public sectors focus more on providing services to the economy
  17. at a cost which is affordable and reasonable.
  18. These sectors industries are mostly comprised of companies such as
  19. agriculture, defense, electricity, water, oil and gas.
  20. Examples of public sector services are such as public education,
  21. public roads and public safety services.
  22. These are common services that we see in our everyday
  23. lives, such as policemen and firefighters.
  24. In addition to public sectors that are run by the
  25. government, this doesn't necessarily mean that everything is completely favorable.
  26. Sometimes the government can make unfavorable, unfavorable decisions.
  27. Yet companies in this sector received the most financial support
  28. through the government all in all public sectors, mostly focus
  29. on services to the public as a whole and less
  30. focused on making individual profits like private sectors.
  31. Now, let's talk about the complete opposite of a public
  32. sector. Known as the private sector.
  33. What is the private sector?
  34. Private sectors are the overall country's economy that is controlled
  35. by individuals or private companies, private sectors, or companies, businesses
  36. that are owned by private individuals, or private companies.
  37. The companies within the private sector are managed controlled and
  38. operated by individuals or private entities that are not the
  39. government. Why do we have private sectors?
  40. Well, the purpose of private sectors allow people in the
  41. country to run a company following the country's rules and
  42. regulations, which also allow individuals within the private sector to
  43. focus mainly on making profits from themselves or their company.
  44. Not for the public, private sector companies have trouble with
  45. operating and managing the regulatory issues and compliance within a
  46. country's within a country.
  47. In comparison to the public sector companies, these sectors, industries
  48. primarily focused on firms such as manufacturing, construction, pharmaceuticals, real
  49. estate, and banking.
  50. All of these have one main thing in common and
  51. it is to make money.
  52. Another common fact is that many of these firms are
  53. probably operated in solitary and received little financial support from
  54. the government, unless a private establishment is too large and
  55. holds a great impact within a country's economy.
  56. And companies such as Boeing.
  57. One last point, I want to make private sectors have
  58. less government interference as opposed to public sectors.
  59. Due to this fact, private sectors rely on their financial
  60. strength, and if the company is financially, to private funds,
  61. it's typically not able to move as well around the
  62. market, and the last thing I'm gonna leave you guys
  63. with private private sectors tend to favour small government, which
  64. in king leads to limited government interference, whereas public sectors
  65. tend to highly favor big government, which allows for government
  66. backing government assistance.
  67. So these are the differences between a private and public
  68. sector. Thank you for listening to my presentation.
  69. I hope you all now have a better understanding of
  70. the public and private sector.
  71. I have told my sources from Wall Street mogul, as
  72. well as the leg, as well as our lectures and
  73. power points from our class.
  74. Thank you very much for your time, and I have
  75. a great week.