Define private sector

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Define private sector

Posted by Manisha Nath 8 years ago

CBSE > Class 10 > Social Science

2 answers

Virendra Kumar 8 years ago

Private Sector :- 1.Beyond the reach of government. 2.has one motive that is profit. 3. Ex- selling of goods. 4.

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Amar Kumar 8 years 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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