Private Sector
The private sector is a company that is owned/controlled/run by a group of people known as the shareholders however it can also be a company that is kept within the family and passed on to future generations. There are no outside investors however there are mergers and it is easier for the company to run into a forced takeover.
Public Sector
The public sector companies are companies that are owned/controlled/run by the government and are usually things that the city requires i.e transport system, hospitals. The public sector companies don't have outside investors but the citizens of the city/country/province keep the company in business through taxes etc.
The private sector is a company that is owned/controlled/run by a group of people known as the shareholders however it can also be a company that is kept within the family and passed on to future generations. There are no outside investors however there are mergers and it is easier for the company to run into a forced takeover.
Public Sector
The public sector companies are companies that are owned/controlled/run by the government and are usually things that the city requires i.e transport system, hospitals. The public sector companies don't have outside investors but the citizens of the city/country/province keep the company in business through taxes etc.