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public sector are the sector control by government. private ones are managed by people/ citizen eg. government hospital is managed by government, private schools, hospitals, Reliance, etc are private sector.
socialist economy is majorly depended on citizen of the country. mixed economy is actually a mixture of capitalist and socialist. India is mixed economic country.
developed countries are the country who have major important sectors like hospital, school in each and every corner of the country. it is also that the major chunk of the population earns an average money/income.
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