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Each of these fields can either be owned by private sectors or public sector depending on the capability of the sector. Furthermore, both sectors have mutual symbiotic relationship hence benefiting from one another. The single largest customer for the private sector is the public sector while the only benefactor for the public sector is the private sector. Moreover, the interaction between these two sectors can be seen through joint government projects, assistance, legislation and even community development. This is achieved through public-private alliances. All people in the society are needed to obey this rule and follow it to the latter. Moreover, public owned corporations such as manufacturing industries have great advantages. They have commercial freedom such as operating within commercial criteria though they differ from direct government administration. Their production decisions are not taken by the government although high targets can be set for them. Public sector out sour...

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Microeconomics Writing Assignment

Young H
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