Question

what is private sector in business studies​

Answer 1

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. ... An industry or business may start out in one sector and move to the other.

Answer 2

Question:-

What is private sector in business studies?

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➦The private sector is simply a part of an economic which is run by an individual and companies for their profit.

➦ The private sector consists of all private owners and run for a profit business. They can also collaborate with govenments and have a public-private partenership.

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Related information:

Types of private secor business:-

• Partenership
• Small sized business
• Large corporations
• Trade Unions
• Professional and trade accociations