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What do you mean by private …

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What do you mean by private and public sector
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Sia ? 5 years, 3 months ago

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Meaning Private Sector Industries are owned by individual investors. These are managed by private organisations. In capitalist countries, industries are generally owned by private people. Public Sector Industries are owned and managed by governments. In India, there were a number of Public Sector Undertakings (PSUs). Socialist countries have many state owned industries. Mixed economies have both Public and Private sector enterprises..
Example Reliance Industries Limited Bharat Heavy Electronics Limited.
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