what's private system
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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.
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Explanation:
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.
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