The public sector is government-controlled, the private sector consists of privately owned businesses, and economic growth is the improvement in a country's production and living standards.
Public sector refers to the part of the economy controlled by the government, while the private sector comprises privately owned businesses. Economic growth is the increase in a country's production of goods and services over time, leading to rising incomes and improved living standards. The public and private sectors are interdependent, with each playing a crucial role in driving economic development through investments, infrastructure, and policies.
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