Public vs Private Sector

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6 Terms

1
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Private Sector Organisations

Owned and operated by individuals, entrepreneurs, or shareholders.

2
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Aims

driven by the profit motive, aiming to maximize returns for owners or shareholders.

3
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Finance

Funded through private investments, bank loans, retained earnings, or issuing shares.

4
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Public Sector Organisation

Owned and managed by government bodies

5
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Aims

Focus on providing essential services for public welfare

6
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Finance

Funded through taxation and government budgets.