Question

2 What is difference between Public Sector and Private Sector? 5marks​

Answer 1

Answer:

The public sector is the part of the economy, where goods and services are provided by the government or local authorities carrying out the task instead. The private sector consists of business activity that is owned, financed and run by private individuals.

Answer 2

Explanation:

Public sector enterprises are companies owned, and entirely or partially controlled by the government of a country. ... Private sector enterprises are owned and controlled by a private group of individuals or even a single entity.