Private sector
From Wikipedia, the free encyclopedia
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This article needs additional citations for verification. (April 2009) |
| Economic sectors |
|---|
| Three-sector hypothesis |
| Primary sector: raw materials Secondary sector: manufacturing Tertiary sector: services |
| Theorists |
| Colin Clark · Jean Fourastié |
| Additional sectors |
| Quaternary sector · Quinary sector |
| Sectors by ownership |
| Business sector · Private sector · Public sector · Voluntary 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 voluntary sector, a subset of the private sector.
Employment[edit]
The private sector employs most of the workforce in some countries. However, in some countries such as People's Republic of China, the public sector employs most of the workers.[1]
See also[edit]
References[edit]
- ^ Joe Zhang. "China’s private sector in shadow of the state". ft.com. Retrieved 2007-07-06.
