Can the public sector companies compete with private sector in terms of proft and efficiency? Given reasons for your answer.

Explanation

No , public sector companies cannot compete with the private sector in profit and effciency due to following reasons:
(i) Motive . The motive of public sector is social service whereas the motive of private sector is earning profit.
(ii) Autonomy . the working of public sector enterprise enterprise is subject to interference of government whereas private sector enjoys complete freedom of operation.
(iii) Management . Due to bureaucratic controls , the management of public sector enterprise is poor and inefficient whereas private sector appoints professional and management.