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Question
Write a short note on Private sector.
Short/Brief Note
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Solution
- The segment of a national economy that is owned, controlled, and managed by private individuals or enterprises is known as the Private sector.
- The private sector companies are divided on the basis of sizes.
- They can be created in two ways, i.e. either by the formation of a new enterprise or by the privatization of any public sector enterprise.
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Introduction of Public and Private Sector
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