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To privatize an industry mean to transfer ownership of something from the government to the private sector, or to the public, which increases competition.
Private sector is all personal businesses. Public sector is government run businesses.
I believe private sector is households interacting with businesses
I believe private sector is households interacting with businesses
Public sector are businesses run by the government. Thus to become a public sector you'd have to become part of the government or get a job working for the government.
Public sector cash comes from the government (ie the tax-payer) Private sector fund come from donations (either by individuals or businesses)
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.
Half of Iran's government and the private sector is half of the Iranian economy. The Iranian government that Iran is trying to privatize it.
The sector of the economy which is paid for or operated by the government.
Public Sectors Businesses are owned and financed by the state e.e the government. they are run by a chairperson appointed by the government,
Industry sector is a category of businesses (industry) like metal businesses, oil businesses, financial businesses, etc.
The public sector includes governmental entities, usually that part of government that provides services to the public (police, fire, military, public education, etc.) The private sector includes all nongovernmental entities --- individuals, businesses, both publicly held businesses and privately held businesses, etc.