The document defines and compares the private, public, and corporate sectors of economics. The private sector consists of organizations owned and managed by private individuals and aims to maximize profits. Examples include TATA and Reliance. The public sector is owned and managed by the government and aims to provide services like police, military, and healthcare. The corporate sector consists of large business organizations and industrial companies that contribute to national income, infrastructure growth, and economic development. The sectors differ in their ownership, management, funding sources, and objectives.

1. PIONEER INSTITUTE OF PROFESSIONAL STUDIES,
INDORE
Project
On
“SECTORS OF ECONOMICS”
Submitted To : Made By:
Dr. Tanu Srivastava Mayuri Pandey
&
Himanshu Kushwaha

2. 1. PRIVATE SECTOR
2. PUBLIC SECTOR
3. CORPORATE SECTORE

3. PRIVATE SECTOR
WHAT IS PRIVATE SECTORE
oPrivate sector is that organization which is owned, managed and
controlled by private individuals or private institutions.
Maximization of profit is main motto of private sector.
oThe companies / organization run by private individual or group
of individuals are termed as private sector.

4. EXAMPLES
oTATA
oRELIANCE
oBIRLS
oITC

5. IMPORTANCE
o Efficiency : Because of keen competition in this service sector,
the private gives more important to efficiency and employ
specialists in their units. Hence efficiency grows. So, it is rightly
said that private sector runs on efficiency.
o Maximum profit : The main aim of private owner is profit and
more profit and thus they increase the national income.
o Increase In Government Revenue : Private sector contributes
much to government revenue in the form of Income Tax, Sales
Tax, Custom Duty, Excise Duty etc.
o Better services : they provide better services to customers will
bring more profit to them

6. PUBLIC SECTOR
WHAT IS PUBLIC SECTORE
o Refers to part of the economy concerned with providing various
government services
o Owned ; Managed and Controlled by the Govt.
o Funded by the Govt.
o Welfare Oriented

7. o The public sector includes such services as :
Police,
Military,
Public roads,
Public transit,
Primary education and
Healthcare for the poor

8. IMPORTANCE
o Objective : Maximis social welfare and ensure balanced
economic development
o Ownership : owned by Government
o Management : managed by Government
o Capital : Raised from Government sometimes through Public
Issues
o Area of operation : Operates in basic and public utility sectors

9. CORPORATE SECTOR
WHAT IS CORPORATE SECTORE
o A Corporate Sector is a section of society consisting of
companies Business Houses. They are the industrial
development side of our society. They contribute to National
Income Generation, Infrastructural Growth and Development
of the Economy. They represent the Producer side of Economy
and we represent the Consumer Side of Economy, We
consume what they produce ( services included). They
generate income, we help them generate the same.

10. IMPORTANCE
o Attract customers to the firm’s products, thereby boosting
sales and profits.
o Make employees want to stay with the business, reduce labor
turnover and therefore increase productivity.
o Attract more employees wanting to work for the business,
reduce recruitment costs and enable the company to get the
most talented employees.
o Attract investors and keep the company’s share price high,
thereby protecting the business from takeover.

11. SUMMARY
o WHAT IS PRIVATE, PUBLIC & CORPORATE
SECTOR.
o IT’S IMPORTANCE

12. THANK-YOU