Private sector
| Economic sectors |
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| Three-sector model |
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| Additional sectors |
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| Theorists |
| Sectors by ownership |
The private sector is the part of the
non profit, rather than being owned by the government
.
Employment
The private sector employs most of the
capitalist
standards.
A 2013 study by the
developing countries are in the private sector.[1]
Diversification
In free enterprise countries, such as the United States, the private sector is wider, and the state places fewer constraints on firms. In countries with more government authority, such as China, the public sector makes up most of the economy.[2]
Regulation
States legally
labour unions, while workers in another country have very weak laws supporting labour unions, even though they work for the same employer. In some cases, industries and individual businesses choose self-regulation by applying higher standards for dealing with their workers, customers, or the environment than the minimum that is legally required of them.[3]
There can be negative effects from the private sector. In the early 1980s, the
human rights violations across the United States.[4]
See also
- Company law– Body of law that governs businesses
- Free enterprise– Form of market-based economy
- Private enterprise– Incorporated business which is not publicly traded
- Private law – Civil legal system involving relationships between individuals
- Private military company – Company providing armed combat or security services
- Private school – School that is not dependent upon the state
- Private sector development – Term in the international development industry
- Private sector involvement – Cut in the value of private sector's holdings of debt
- Privatization – Transferring something from the public sphere to the private
- Public economics – Study of government economic and fiscal policy
- Public-private partnership– Government/private company partnership
- Public sector – Public part of the economy
- Three-sector model – Model in economics
References
- ^ "IFC Jobs Study : Assessing Private Sector Contributions to Job Creation and Poverty Reduction". January 2013.
- Tech Target. Retrieved July 16, 2017.
- ^
Haufler, Virginia (2013-01-25). A Public Role for the Private Sector: Industry Self-Regulation in a Global Economy. Carnegie Endowment. ISBN 9780870033377.
- ^ Bauer, Shane. "Private prisons are shrouded in secrecy. I took a job as a guard to get inside-then things got crazy."Mother Jones. N.p., 06 June 2017. Web. 10 June 2017.
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