It is an oxymoron. By its definition, a private sector enterprise cannot be run by government.
the purpose of a private sector business is that the govements does not run it
The private sector is that part of business and commerce that is not run by the Government
Private sector is all personal businesses. Public sector is government run businesses.
Is a private sector
private
Public sectors are owned and/or serviced by the government. Private sector businesses are owned by individuals and do not pay a direct dividend to the government.
Microsoft is in the private sector.
Private sector banks is a bank that is owned by the private individual. Thats bank called private sector bank.
Ownership of the public sector of a certain country is shared equally by all citizens of that country. There should be certain laws that specify how does the PS get revenues and how does it spend them, how does it hire & fire employees, lowest and highest possible salaries ...etc. While ownership of any private sector entity is limited to the persons who paid up the capital to form it. Those persons may or may not be citizens of that country. Each private sector entity could invent its own rules of hiring & firing and payouts ...etc.
The aim of a public sector business, is to make profits just like the private sector. Public sector is run by the government on behalf of the public and mostly offer government services.
Private sector are things that are owned by people. Public sector are things that are owned by the government.
They are the wages paid to employees in the private sector.