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Public Sector: Similarities Between Public And Private Sector

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Introduction
The private sector is composed of organisations that are privately owned and are part of the government, corporations and partnerships, examples: retail stores and local businesses. The private sector progresses fast because it promotes quality to win over customers, which will lead to a greater chance of them achieving the objective of making profit. Whereas the public sector is composed of companies, that are controlled and maintained by the government. There are similarities between the public and private sector, but they are largely outweighed by the number of differences and this essay will discuss the major differences that are: Transparency, Customer Feedback, Basis of promotion, the willingness to pay and how they raise …show more content…

User feedback can play an important role in improving public services, because they help service providers: to improve their efficiency and effectiveness, be a source of innovative ideas for the improvement of services, help commissioners and policy makers to identify issues with policy and/or delivery, ensure that public resources are spent effectively, uncover instances of negligence or corruption. The private sector has a main aim of earning profit and building their brand reputation. Even though private sectors provide quality services to the community, they do this to win over customers, and to be able to survive in the long run and compete with other private companies. Woolworths Food would be a good example because of their outstanding packaging that catches a consumer’s attention, but not only is the packaging great, but the taste of their food, and …show more content…

The ones that are fully financed by the government and the money for such is taken from revenues they raise by collecting taxes and vat, duties and fees. In South Africa the duties by money is raised is Imports and Exports and of course the taxes collected. The other type government organisation is when the government own majority of the company (more than 51% of the total shares in a company,) and these enterprises are raised with a service motive. The private sector on the other hand raise money from selling shares, which are sometimes overvalued, in their company (shareholders.) The difference between the two is how the public sector makes money by conducting business while the public sector provides a product or service in return for money (thus making a profit.) An example would be Angolo Gold make all the decisions in the company and no decisions can be made without the knowledge of the

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