PRIVATE SECTOR

- Private sector organization , are established to make profit for shareholders
- Employees in the private sector may seek to increase their economic gains at the expense of the shareholder's profit
- In the private sector the right to strike is generally acknowledged
- Employment in the private sector used to be considered relatively unstable
- It is mostly in this sector that many employees are retrenched
- This sector is independent of the state's funds because mostly it owned by rich foreign shareholders
- In other instances these shareholders invest in a company which under the state's funding , as a result the company becomes privatized
 

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