What is public sector and private sector organisation? |
A "public sector" organisation is one that is controlled by the government. It is called "public" because the government is responsible to the entire public. An example of a public sector organisation is the Department of Justice, or a police or fire department.
A "private sector" organisation is one that is owned and controlled by private individuals, not the government and usually exists to make a profit for its shareholders. Both large and small corporations are considered to be private sector organisations. A private sector organisation does not have the same responsibility to the public that a public sector organisation does; its main responsibility is to its shareholders (the people who own it).
First answer by Monkeytypist. Last edit by Monkeytypist. Contributor trust: 62 [recommend contributor]. Question popularity: 2 [recommend question].
- Public sector (Economics)
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