Question

what is mean by private company and public company​

Answer 1

Answer:

A private company is formed by a small number of shareholders who come together for a social cause or profit motive. The shares of a private company are not traded on a public stock exchange. The common types of private companies include sole proprietorships, partnerships, and limited liability companies.

Public companies are entities that trade their stocks on the public exchange market. Investors can become shareholders in a public company by purchasing shares of the company's stock.

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