Write short note on Private sector.

1.	Write short note on Private sector.
Answer» 1. The segment of a national economy that is owned, controlled and managed by private individuals or enterprises is known as Private sector. 2. The private sector companies are divided on the basis of sizes. 3. They can be created in two ways, i.e. either by the formation of a new enterprise or by the privatization of any public sector enterprise.

Answer»

1. The segment of a national economy that is owned, controlled and managed by private individuals or enterprises is known as Private sector.

2. The private sector companies are divided on the basis of sizes.

3. They can be created in two ways, i.e. either by the formation of a new enterprise or by the privatization of any public sector enterprise.

Discussion