Private should be efficiency oriented in terms of cost savings or income generating.
Public Administration can also be concerned with economics but is also focused on output or outcome in relation to non-economic efficiency An example might be that the V.A. while concerned by cost is not profit driven and therefore may also focus on quality care as an ultimate goal where private hospitals view quality health care through the lens of economic effects not health effects.
Neither is necessarily better than the other. Private will tend to find the most cost efficient approaches, a necessity if we don't want unlimited costs 'Taxes'. Public generally speaking has trouble finding the best approach for any metric because it can be bombarded by multiple goals from multiple actors, but wen focused can produce quality outcomes in its own right.
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There are included a key difference between business and public administration. Such as: -
Source: HigherStudy.org
The two diciplines both have a hierachy of commands with the most powerful officer at the summit of the organisation and the low ranking officers at the foot of the hierachy.
The primary aim of business organisation is to make profits.
The primary aim of why dat of public organisation is to render services.
The Public Administration Means The Institutions Are Governed By The Public Or Government, And It IsResponsibility Of Government That How To Make Policies.And Private Administration Means That Institution Or Company Or Any Sector Is Governed By The Private Source Or AnyIndividual Person. He Will Be The Supreme Authority Of That Institute And Will Decide How It Deals.
the private is here to absorve profit which the public secte is not.
they both serve the public
public administration means the organisation and management of human and material resources for the goal of the public or GOVERNMENT.Pulic administration aims at achieving the goal of the PRIVATE SECTOR.
Public finance is a branch of economics that deals with the expenses and revenues from government to government in the economy whereas private finance deals to income and expenditure by the private sector. For more information check out the source below.