Differentiate between the public and the private business policy.
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The most significant difference between the private and public sectors is the ownership of the organizations within them. In the public sector, organizations are owned and controlled by the government. Meanwhile, organizations within the private sector are owned and managed by individuals or private companies.
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The private sector comprises of business which is owned, managed and controlled by individuals. On the contrary, public sector comprises of various business enterprises owned and managed by Government. ... Some of the public sector organizations are set up by a special act of Parliament.
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