What is the difference between Public and Private sector? what is privatisation? give 1 example of business that has been privatased.

PUBLIC SECTOR - The part of national economy providing basic goods / services that are either not, or cannot be, provided by the private sector. It consists of national and local governments, their agencies.

PRIVATE SECTOR- The part of national economy made up of private enterprises. It includes the personal sector (households) and corporate sector (companies), and is responsible for allocating most of the resources within an economy.

privatisation-Sale or return of publicly owned enterprises to private ownership and control.

e.g ROYAL MAIL