It is run by private individuals or groups, usually as a means of enterprise for profit, and is not controlled by the state.
Businesses in the private sector include;
Partnership, either limited or unlimited liability
Private Limited Company or LTD-limited liability, with private shares
Public Limited Company – shares are open to the public.
Common Crimes Committed within the Private Sector
Corporate crime refers to crime committed either by a corporation (i.e., a business that has a separate legal obligations from the people in charge) or by individuals that may work for a corporation or other business entity.
This often overlaps with -White collar crime -Organized Crime