India, Nov. 8 -- This article explores the differences between the public and private sectors, their characteristics and major differences for the benefit of students, professionals and entrepreneurs, alike.

What are Public Sector Businesses? Public sector business could be defined as the enterprises owned, funded and operated by the government for delivering necessary goods and services to the public. The rationale behind forming an enterprise goes beyond ensuring the existence of public utilities to also ensure advancing economic welfare. Mainly, the purpose and dogma governing such businesses generally seek to and in most cases lack the profit motive.

In the case of India, public sector enterprises are central to infrastructure build...