Private Sector VS Public Sector: What's the difference? Private vs Public Sector Organisations

#publicsector #privatesector #incorporated #business #enterprise #stateintervention
Starting a business: Private Sector VS Public Sector
Lesson Summary:
Before actually discussing the types of businesses that can operate in the private sector we must underline the distinction between the public sector and private sector along with the idea of being incorporated as a business enterprise. The public sector (also called the state sector) is the part of the economy composed of both public services and public enterprises. On the other hand, the private sector can be seen as that part of the national economy that is not under direct state control.
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