What is the difference between the public sector and the private sector? ?

Please explain with a few examples if possible, thanks.

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  • 4 years ago
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    Public sector comprises of companies or enterprises that are run by the government. It basically runs on a no loss, no profit basis.

    Private sector comprises of companies or enterprises run by individuals or groups of individuals and the government has no control over it. It is mainly run for profit.

    I didnt give examples since it depends on which country you are from but I think the explanantion should be clear enough.

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