Categories public sector and private sector?
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Private Sector Companies
Private sector companies are the ones that are not under the control of any governmental body. These companies are controlled and managed by some individuals or other companies. They also follow the basic discipline-based and other legal guidelines. Even though the government has no control over private companies, they contribute to the economy of the nation.
Public Sector Companies
Moving on to what is a public sector company, and what are the forms of organising the public sector? The government or any other department coming under it owns the Public Sector Companies.
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