Private sector or government sector differences between
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Private sector are owned and operated by the individual, group of people.
The private sector is the part of the economy, sometimes referred to as the citizen sector, which is run by private individuals or groups, usually as a means of enterprise for profit, and is not controlled by the State.
Examples of organizations in the private sector include:
Sole Proprietors: Designers, Developers, Plumbers, Repairmen.Partnerships: Dentistry, Legal, Accounting, Tax.Small and Medium-sized Businesses: Retail, Hospitality, Food, Leisure, Legal Services.Large Multinationals: Apple, Tesla, Disney, Procter & Gamble, PepsiCo.
Government sector
Government sector are owned and operated by the state.
The general government sector includes all institutional units whose output is intended for individual and collective consumption and mainly financed by compulsory payments made by units belonging to other sectors, and/or all institutional units principally engaged in the redistribution of national income and wealth.
The private sector is the part of the economy, sometimes referred to as the citizen sector, which is run by private individuals or groups, usually as a means of enterprise for profit, and is not controlled by the State.
Examples of organizations in the private sector include:
Sole Proprietors: Designers, Developers, Plumbers, Repairmen.Partnerships: Dentistry, Legal, Accounting, Tax.Small and Medium-sized Businesses: Retail, Hospitality, Food, Leisure, Legal Services.Large Multinationals: Apple, Tesla, Disney, Procter & Gamble, PepsiCo.
Government sector
Government sector are owned and operated by the state.
The general government sector includes all institutional units whose output is intended for individual and collective consumption and mainly financed by compulsory payments made by units belonging to other sectors, and/or all institutional units principally engaged in the redistribution of national income and wealth.
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