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Public Bureaucracies
Organizations characterized by a hierarchical structure, formal rules, and a focus on fulfilling the administrative functions of the government or public sector.
Private Sector
The part of the economy that is run by private individuals and companies, rather than the government, and is driven by profit.
Public Sector
The part of the economy that is controlled by the government and includes government services and entities.
Profit And Loss
The financial statement that summarizes revenues, costs, and expenses to show the net profit or loss of a business over a specific time period.
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