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Q.

Sahara Airlines and Microsoft are examples of which ____ sector in terms of ownership.


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Detailed Solution

Sahara airlines and Microsoft are examples of the private sector. The private sector includes businesses and corporations, which are generally held by individuals or a group of individuals. The private sector's main motive is to earn maximum profit while minimising the cost of production. The private sector is focused on providing the goods and services demanded in the market. On the other hand, the public sector provides goods and services for the welfare of citizens, even if there is no demand for them.
 
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