Distinguish between a public and a private warehouse.

Question

Public warehousePrivate warehouseThe warehouses which are owned and managed by the manufacturers or traders to store, ex...

Accepted Answer

Public warehousePrivate warehouseThe warehouses which are owned and managed by the manufacturers or traders to store, ex...

Public warehouse	Private warehouse
The warehouses which are owned and managed by the manufacturers or traders to store, exclusively, their own stock of goods are known as private warehouses.	The warehouses which are run to store goods of the general public are known as public warehouses.
Generally these warehouses are constructed by the farmers near their fields, by wholesalers and retailers near their business centres and by manufacturers near their factories.	Any one can store his goods in these warehouses on payment basis. An individual, a partnership firm or a company may own these warehouses. To start such warehouses a licence from the government is required.
The design and the facilities provided therein are according to the nature of products to be stored.	The government also regulates the functions and operations of these warehouses. Mostly these warehouses are used by manufacturers, wholesalers, exporters, importers, government agencies, etc.