The private sector is the factor of a economy, sometimes spoke to as the citizen sector, which is owned by private groups, commonly as a means of establish for profit or non profit, rather than being owned by the government. The private sector is factor of the economy.
The private sector employs nearly of the workforce in some countries. In private sector, activities are guided by the motive to name money.
A 2013 examine by the International Finance Corporation part of the World Bank Group talked that 90 percent of jobs in developing countries are in the private sector.