Answer :

The sectors are classified into two types which are named as private and public sectors. This classification is made on the basis of ownership of enterprises. Private sectors are those sectors which is the part of the economy, and sometimes known as the citizen sector also, which is run by private individuals or groups, usually as a means of enterprise for profit, the private sector is run by private individuals or groups specially for the means of profit and is not controlled by the state and on the other hand public sector works for social welfare keeping profit at a side it serves the people in many ways.

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