Home Home  Article Index Article Index  
GuruPedia  

Public sector

The public sector is any part of a country's economy which is controlled or operated by the state, either by national or local government. It is the opposite of the private sector which includes the part of an economy which is controlled by private individuals or companies.

The public sector often includes public services such as education or healthcare. And often nationalised (government owned) companies and industries.

The size of the public sector varies from country to country. In Communist countries where private ownership was banned, the entire economy belonged to the public sector.

Popular Topics

This article is from Wikipedia. All text is available under the terms of the GNU Free Documentation License.  For the live article, click here.

Privacy