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Answer -
In the private sector, the assets and industries are owned by individuals and in the public sectors industries and enterprises are owned by the Government. Private sector works to earn profits and the public sector works to provide facilities to the public and to earn profits. The common examples of the public sector that we can see around us are Government Banks, Post Offices, municipal hospital and Indian railways. The common examples of the private sector that we can see around us are IT companies, malls and multiplexes, etc.