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UDig is a large mining company based in country B. UDig is in the private sector. It supplies
businesses in country B with 30% of the coal they need and the rest is imported.

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michell96

A private company is a for-profit organization that does not belong to the state but a particular group or individual.

The term private company refers to a for-profit organization that is controlled by a group of people or an individual and does not belong to the State.

Private companies are also characterized by:

  • It develops an economic activity such as the production, distribution, or sale of some good or service to obtain profits (for profit).
  • It can be sold to the State, but it would cease to be a private company.
  • It can be privatized after being a public company.
  • It can compete with the public company.
  • You must pay taxes to the government and guarantee for your workers all the benefits established by law.

The private sector refers to the set of private companies in a country, they can be foreign or national companies.

Note: The question is incomplete. Here's the full question:

Define 'private sector'.

UDig is a large mining company based in country B. UDig is in the private sector. It supplies businesses in country B with 30% of the coal they need and the rest is imported.

UDig now has eight mines but plans to close two of them. This will threaten 1800 employees with redundancy. The Managing Director said: ‘I blame the appreciation of country B’s exchange rate and new legal controls, including those to protect the environment. The Government should help private sector businesses. '

Learn more in: https://brainly.com/question/24927689

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