Solution:

• In an Economy, The industrial sectors are classified into public and private sectors on the basis of ownership of enterprises.

• Public sectors refers to government owned organisations and private sectors are not government owned organisations.

• The public sector includes all the public services and enterprises.
• Public services include public goods and services like roads, water supply, transport, health, military etc. Public enterprises are state-owned that are under public ownership.
• Private sector includes enterprises that are owned by private people with the aim to gain profit. These are not owned and run by state or government.