The private sector is the part of the economy, sometimes referred to as the citizen sector, which is run by private individuals or groups, usually as a means of enterprise for profit, and is not controlled by the State. (Areas of the economy controlled by the state are referred to as the Public Sector).
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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.
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