A private-sector organization is created by forming a new enterprise or privatizing a public sector organization. A large private-sector corporation may be privately or publicly traded.
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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. The segment of the economy under control of the government is known as the public sector.
Definition of private sector: The part of national economy made up of private enterprises. It includes the personal sector (households) and corporate sector (companies), and is responsible for allocating most of the resources with...
...definition and application of these terms in the modern day private...
Define private sector: the part of an economy which is not controlled or owned by the government—private sector in a sentence.
Private sector definition, the area of the nation's economy under private rather than governmental control.
private sector - noun one of the parts of the economy of a country, which itself is made up of the corporate sector (firms owned by private shareholders), the ...
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