Social Sciences, asked by yuva980890, 1 year ago

explain the meaning of private sector with example

Answers

Answered by joshihimanshu46
11
hey buddy,
private sectors are the sectors which are owned by a peson and it is not umder the control of government.
thier ain motto is to earn profit.
ex. tata

joshihimanshu46: price of commodities is determined as a function of its market as a whole, means by the interaction of market demond and supply
yuva980890: thank you very much
joshihimanshu46: any other
yuva980890: yes
yuva980890: what does consumption mean
yuva980890: what do you mean by production
yuva980890: plz answer little longer
joshihimanshu46: it means to intake or use resources for for utilization
joshihimanshu46: production means to produce resources for consuption.
joshihimanshu46: it can also be written as the action of making or manufacturing from components to complete the needs
Answered by Divya16784
7
The private sector is a part of economy that is not controlled by government or governmental agencies. It is organised and controlled by individual or individuals for own profit......

Examples: Plumbers, Designers, etc.........

Hope this helps u.. ✌️✌️
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