Public And Private Sector

Question 1

What is the public sector?

Answer 1

Organisations that are owned by The State and run by The Government.
Some public sector organisations are called PUBLIC CORPORATIONS.

Question 2

What is the private sector?

Answer 2

Organisations that are not owned by The State, including sole traders, partnerships and limited companies

Question 3

What is privatisation?

Answer 3

The process of selling a public sector organisation to the private sector by changing it into a public limited company.