Define the following
1)private sector
2)public sector
Answers
Answer:
The private sector or enterprise are the businesses that are owned by a private group or an individual. Different types of businesses under private enterprises are a partnership, sole proprietorship, cooperative, and company.
The sector or enterprises are the businesses that are owned and controlled by the government. Here, a company can be partially or completely managed by the central or state government and participate in many economic activities of a nation.
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What is Private Enterprise?
The private sector or enterprise are the businesses that are owned by a private group or an individual. Different types of businesses under private enterprises are a partnership, sole proprietorship, cooperative, and company.
What is Public Enterprise?
The sector or enterprises are the businesses that are owned and controlled by the government. Here, a company can be partially or completely managed by the central or state government and participate in many economic activities of a nation.