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Private sector vs. Public sector - Coggle Diagram
Private sector vs. Public sector
Private Sector
Ownerhsip
Private individuals own the organizations
Sole traders, partners in a partnership or shareholders in a company
Funding
the business is funded by customers paying a
product
service
Objective
to make as much profit as possible
Private Sector
Ownership
the government owns the organizations
central government or local authorities
Funding
the organizations are funded using taxpayers' money
Objective
the organizations exist to
provide a service to the general public
provide value for taxpayers' money