explain the concept of public sector and private sector.
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Public sector refers to government-owned organizations and government-provided services. Private sectorrefers to 1) organizations that are not government owned, and 2) the goods and services provided by organizations outside of the government. For example, companies owned by individuals are part of the private sector.
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A public sector is an organization that is owned by the government, and the government is responsible for all the services taking place within. On the contrary, private sectors are organizations that are held by firms or individuals and carry out their activities independently
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