sector in which ownership of assets is primarily in the hands of individuals
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Private Sector
Explanation:
- This is one of the basic terms used in business and economics.
- There are mainly 3 sectors in an economy.
- Private sector, Public sector and mixed sector.
- A private sector is that sector of the economy in which the ownership of assets is in the hands of private individuals. On the otherhand, ownership being under the control of government is called as the public sector.
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praduman kumar class X science
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