Private sector

The private sector is like a big playground for grown-ups. Imagine you and your friends have some toys and you want to play together. You might sell some of your toys to your friends for money, so you can buy more toys or treats later. This is like the private sector because it's made up of businesses and organizations that are owned by people, not the government.

In the private sector, people start companies and create things like toys or books or even medicine that they hope will be helpful or fun for others to buy. They sell these things to people who want them and make money from those sales. This helps the people who own the companies make more toys, books, medicine – or expand their businesses in other ways – and can also help other people get jobs.

Sometimes, people in the private sector might work together in groups, like your friends playing together at the playground. These groups can range from small businesses like a bakery or a barber shop to big companies like a car manufacturer or a tech giant like Apple or Google. The private sector includes all these businesses and organizations together.

Overall, the private sector is all about people working together to create things and make money by selling them to others. It's like a big playground for grown-ups where you can buy or sell things, make new friends, and create a better life for yourself and others.