Question

Would like to know what Public and Private Sector Mean. In simplified terms please and thank you.

Answer 1

The public sector is supported by taxes -- like public schools, police, highways, government.

The private sector is supported by selling goods and services to customers -- like private schools, shoes, computers, phone service, beauty salons.

Answer 2

Thanks so so much. Your explanations make perfect sense to me. :)

Answer 3

You're welcome.