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Public Sector, Private Sector and Global Enterprises — OCM STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceOCMPublic Sector, Private Sector and Global Enterprises1 Mark
Question
Give the meaning of private sector.
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Answer

When the management of a business unit is carried on by an individual or a group of people for the objective of earning profit is called private sector.

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