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Private
The aim of a public sector business, is to make profits just like the private sector. Public sector is run by the government on behalf of the public and mostly offer government services.
While it may seem that the private sector is more efficient, the answer is actually ambiguous. Many studies in the 70s and 80s pointed to this efficiency in the private sector, but new studies (with the addition of new data from across the world) are showing there is actually little difference between the public sector and the private sector's abilities in reducing poverty.
In many economies the public sector is the largest employer. (i.e. State employees (the public sector) outnumber people in private companies)
Public sectors are owned and/or serviced by the government. Private sector businesses are owned by individuals and do not pay a direct dividend to the government.