The private sector is usually made up of privately-owned organisations

The private sector is usually made up of privately-owned organisations, for example a retail store. A private company’s sole purpose is to make a profit, they will do this by selling goods or services to the public; whereas the public sector is run by the government. Their goal is not to make a profit but to provide basic services to the public. For example, the public services, education services or health care. The public sector gets its funding through the income from taxation. The voluntary sector (or third sector) is run by unpaid trustees who are assisted by volunteers and like the public sector it is a non-profit service. Any funding for the voluntary sector will come from donations or grants.

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