part of economy not controlled by government the section of the economy that is financed and controlled by individuals or private institutions such as companies, stockholders, or investment groups.
In economics, the private sector is that part of the economy, sometimes referred to as the citizen sector, which is run by private individuals or groups, usually as a means of enterprise for profit, and is not controlled by the state.
The part of an economy in which goods and services are produced and distributed by individuals and organizations that are not part of the government or state bureaucracy.
See also: ...
Definition: That part of the economy in the control of individuals and companies.
Related glossary term: ...
Public and private sectors
The main types of business organisation in the private sector in the UK are - sole traders, partnerships, companies and franchises.
One of the easiest ways to tell the difference between a public sector and private sector organization is to look at who is in charge. In a public sector organization, employees, supervisors, and managers all work for the government.
The part of the economy owned/operated by corporations and individuals outside the public sector. Split by economists into households and business.
Private sector response
This section does not cite any references or sources.
Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. (November 2008) ...
Private sector - The portion of an economy in which goods and services are produced by non governmental units, such as firms and households.
Privatisation - The process of selling a public corporation to private shareholders.
PRIVATE SECTOR: A short-cut term that combines the households and businesses in the economy into a single group. This term should be contrasted directly with public sector, which is a comparable short-cut term for government.
Private sector schemes may give you the option of exchanging part of your pension for a tax-free lump sum. The main public sector schemes give you the lump sum without the option.
Private Sector Programme
Banca Popolare di Verona-Banco S. Geminiano e S. Prospero ...
In Private Sector:
When private companies need money to start a new venture, they borrow the required money from governments, banks, investors and other financial institutions.
The private sector is beginning to see the pendulum swing back to a focus on quality of care as managed care pricing is slowly but surely inching upward.
The private sector typically adopts recycling when and where it makes economic sense. When recycling is a government program, however, it can be costly and can waste rather than save resources.
PSEF Private Sector Energy Fund
PSIDC Private Sector Infrastructure Development Corporation
PSIF Private Sector Infrastructure Fund ...
To gain private sector funding, companies are often caught in a dilemma. Many are asked to prove that a project would be financially viable without credits, because potential lenders and investors are nervous about their price volatility.
This is the private sector standard-setting body governing the independence of AUDITORs from their public company clients. It came about from discussions between the AICPA, other accounting representatives and the SEC.
See also: ISB ...
Instead, the private sector would provide all necessary services. For example, people would contract with protection agencies, perhaps in a manner similar to how they contract with insurance agencies, to protect their life, liberty and property.
Actions in the private sector designed to restrict competition in order to keep prices relatively high.
TSP is similar to 401(K) plan offered in the private sector. Throughput agreement An agreement to put a specified amount of product per period through a particular facility.
The Japanese government ministry that deals with economic issues, including the vitality of the private sector, external economic relations, energy policy, and industrial development.
Ministry of International Trade and Industry ...
The remaining 40 percent may fund public infrastructure or environmental projects that promote private sector development, as well as state-owned enterprises that operate in a competitive fashion.
Consumption can be divided into public and private sectors. Consumption is also viewed as a basically subjective phenomenon, with individual utility, or satisfaction, assuming primary importance.
Since 1973, the Financial Accounting Standards Board (FASB) has had primary responsibility for establishing financial accounting and reporting standards for the private sector in the United States.
ICICI Bank (IBN) is the prevalent private sector bank in India and engages in traditional financial services, such as commercial banking. The company also functions as an issuer of credit cards.
Most employees in the private sector are engaged in nonmanufacturing activities like accounting, sales, computing, and administration.
ICICI An acronym for Industrial Credit and Investment Corporation of India Limited, which is a private sector term lending institution set up in 1955. Its sponsors include foreign institutions, notably the World Bank.
In the United States, quasi-public corporations have links to the federal government although they are technically in the private sector. This means that their managers and executives work for the corporation, not the government.
Since April 2010, the US private sector has struggled to create 50,000 jobs a month, that is barely enough to keep up with population growth, let alone bring down the 9.6% unemployment rate.
Quasi-Public Corporation - A type of corporation in the private sector that is backed by a branch of government that has a public mandate to provide a given service.
This has become increasingly popular since the early 1980s as governments have tried to obtain some of the benefits of the private sector without going as far as full privatisation.
All mutual funds whether promoted by public sector or private sector entities including those promoted by foreign entities are governed by the same set of Regulations.
See also: Sector, Index, Transaction, Banks, Agency