What do you mean by Private Sector Enterprises? Give types.
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Answer:
The private sector is the part of a country's economic system that is run by individuals and companies, rather than the government. Most private sector organizations are run with the intention of making profit. ... The act of turning a publicly-run enterprise over to private citizens is known as privatization.Private Sector is actually business organizations that owned and run in private individuals. There are various types of business in private sector, like Sole Proprietor, Partnership, Limited Companies, Cooperatives, Franchise, and Charities.
Explanation:
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Answer:
privately owned business form the greater part of the private sector. Despite this fact, this sector boasts a rich diversity of individuals, partnerships, and groups — from small mom and pop stores to multi-national conglomerates.
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