explain the concept of the public sector and the private sector?
Answers
Answer:
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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Explanation:
Answer:
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.
Individuals partially own private sector businesses, while government agencies own others. This means that regardless of not being public organizations, the government controls some of their activities for instance schools and other leaning organizations.