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Private Sector

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Private Sector:

-          is owned and controlled by private individuals or groups of private individuals

-          run along similar lines as a market economy

-          entrepreneur and the consumer decide what, how, and for whom to produce

-          motive is to make maximum profit (?)

-          e.g. consumer goods: cars, cosmetics, health and leisure facilities, tourism

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by: Admin
Total views: 718
Word Count: 407
Date: Sun, 21 May 2006 Time: 12:00 AM
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