differentiate between private sector and public sector
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The private sector is the part of the economy that is run by individuals and companies for profit and is not state controlled. ... Companies and corporations that are government run are part of what is known as the public sector, while charities and other nonprofit organizations are part of the voluntary sector.
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private sector-the part of the national economy that is not under direct state control.
Public sector-the part of an economy that is controlled by the state.
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