what are the advantages of having private sector? and what do you mean by this line it promotes redistribution of income and wealth??

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Solution

Advantages of private sector

With the growth of company there is more opportunities for the promotion.

Pay higher salaries to their employees.

Lack of Bureaucracy in private sector.

Opportunity to explore more.

Private company promotes redistribution of wealth and company as it encourage their employees to pay the taxes and other funds.

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