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Difference Between Public Sector And Private Sector

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Introduction: For service delivery or other purposes, we all generally know about two main sectors in Bangladesh. Those are: Public sector and private sector. Public sector is a sector which is owned by government or state, as well as public also. On the other hand, Private sector is a sector which revolves around differences of ownership. This ownership can be individual or collective. So, public and private sector management is different. Normally in the society of Bangladesh, a natural competition takes place among these two sectors. This completion rooted from the inefficiencies of monopoly from depending on one sector for a long time. In this type of situation another sector comes and the competition begins. It is another case of privatization. In Bangladesh, it is common to all to see a profit oriented goal of private sector and service oriented goal of public sector. But now-a-days the total situation is changing for the existing competition among public and private sector. This competition mainly takes place for providing service in different sector. Those are: Energy, Education, Banking, Health, Social Services, Security, Insurance, Transportation, Water Supply, Day care center, Garbage Collection, Gas supply etc. This type of competition leads to have better efficiency in all sectors more or less. Besides, competition, specially a healthy competition leads to respond to the customers and also helps to make innovation in these two sectors. They gradually compete

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