PRIVATESECTOR

Private sector

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. By contrast, enterprises that are part of the state are part of the public sector; private, non-profit organizations are regarded as part of the economy.... voluntary sector, a subset of the private sector.

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private sector

Noun

  1. All organizations in an economy or jurisdiction that are not controlled by government, including privately owned businesses and not-for-profit organizations.


The above text is a snippet from Wiktionary: private sector
and as such is available under the Creative Commons Attribution/Share-Alike License.

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