Why can't you just search this up on Google lol?! Its too much for my tiny brain
<span>a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer good and services. </span><span>Glad to know this by memory. Knew it would come in handy.</span>
The answer is individuals and businesses are owners and decision makers for the private sector. You have it correct.
This is allows for more to be accomplished, along with keeping the powers in check.