Give the meaning of Private
sector?
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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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ᴀɴsᴡᴇʀ:
The private sector is the part of the economy that is run by individuals and companies for profit and is not state controlled. Therefore, it encompasses all for-profit businesses that are not owned or operated by the government.
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