Define private sector
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Posted by Manisha Nath 7 years, 7 months ago
- 2 answers
Amar Kumar 7 years, 7 months ago
The private sector is the part of a country's economic system that is run by individuals and companies, rather than the government. Most private sector organizations are run with the intention of making profit. The segment of the economy under control of the government is known as the public sector.
The Private Sector is the part of the economy, sometimes referred to as the citizen sector, which is run by private individuals or groups, usually as a means of enterprise for profit, and is not controlled by the State.
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Virendra Kumar 7 years, 7 months ago
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