A public company can become private by having ALL shares in its Stock Exchange purchased by an individual, a small group of investors, or another company that is privately held. "Public" refers to...
Private Sector are generally small business organizations run by private individuals or groups (not shareholders) and are not listed in the Stock Exchange. Private companies are also unregulated by a...
In the public sector, costs are spread out between the entire population (through taxes) which can be advantageous to a person who is receiving help from the government (ie. welfare or other social...
There are very few similarities. The public sector and the private sector are similar in the fact that they both employ people. They are different, by design, in order to prevent dictatorships and to...