What is the real difference between shareable and private boards?

Shareable boards (available on Standard plans):

Are ONLY accessible by those the board is shared with either INSIDE your organisation or OUTSIDE your organisation.

Private boards (available only on PRO plans):

Are ONLY accessible by those the board is shared with INSIDE your organisation.

I don’t understand why shareable boards would be available on the cheaper tier? What’s the point in having a private board when shareable boards do everything private boards do but also allow you to invite someone from outside the organisation?

Am I missing something?

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