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Public goods and services are distributed and scarce resources are allocated to them by the UK Government.

Private goods and services are distributed by privately or publicly owned businesses, which can be from overseas or domestic.

As far as I'm aware this is the same for every country in the world apart from a few which are totally command and thus all scarce resource allocation is done by the Government but these are rare if not practically non-exsistent now.

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14y ago

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