describe private sector enterprises
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The private sector is the segment of a national economy that is owned, controlled, and managed by private individuals or enterprises. ... A private sector organization is created by forming a new enterprise or privatizing a public sector organization. A large private sector corporation may be privately or publicly traded.
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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.
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