Which specific service areas are explicitly mentioned as falling under the vast scope of the private sector umbrella?
Answer
Legal firms, accounting practices, and private healthcare systems
The scope of the private sector is described as covering nearly every area of commerce not directly managed by government bodies. Specific examples cited to illustrate this breadth include technology development, manufacturing, finance, insurance, retail, hospitality, entertainment, and crucially, professional services like legal firms and accounting practices, alongside private healthcare systems. These examples demonstrate the wide variety of commerce driven by private entities operating outside direct government management.
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