The difference between Public transit and Public transport
When used as nouns, public transit means public transport, whereas public transport means any form of transport that can be used by a member of public (usually for a fee).
check bellow for the other definitions of Public transit and Public transport
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Public transit as a noun (US):
Public transport.
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Public transport as a noun (UK, AU, NZ):
Any form of transport that can be used by a member of public (usually for a fee); as opposed to private ownership of e.g. cars.