While private companies may take the initiative in response to public demand, and intergovernmental cooperation can accomplish many good things, sometimes the solution is for a private-sector company or industry to work directly with the government, as we saw with the example of Space X.

Most private sector jobs are only protected against inappropriate terminations based on gender, race, religion, and other politically incorrect factors.

Private sector banks can be defined as banking institutions where the majority of the shares are held by the private equity holders whereas public sector banks (also termed as government banks) can be defined as banking institutions where the majority of the stake is owned by the government.

Such organizations are either fully or partly owned by the center or state and come under the separate ministry. The Revolving Door between Government Regulation and the Private Sector. The private sector comprises of business which is owned, managed and controlled by individuals. On the contrary, public sector comprises of various business enterprises owned and managed by Government. However, government sector employers are bound by employee protection which makes it imperative for them to show valid cause of conduct violation in order for a termination to be executed.



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