In economics, the private sector is that part of the economy, sometimes referred to as the citizen sector, which is run by private individuals or groups, usually as a means of enterprise for profit, and is not controlled by the state. By contrast, enterprises that are part of the state are part of the public sector; private, non-profit organizations are regarded as part of the voluntary sector.
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Famous quotes containing the word private:
“The house waited on your private beach
each day,
when you had the time to return to her.
And you so often had the time,
even when fury blew out her chimney,
even when love lifted the shingles....”
—Anne Sexton (1928–1974)