Explain the meaning of public sector and private sector with suitable example.
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public sector
The general definition of the public sector includes government ownership or control rather than mere function and thereby includes, for example, the exercise of public authority or the implementation of public policy.
private sector
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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