private sector

economics

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Last updated

July 23, 2026

Quick Summary

The private sector refers to the part of an economy that is not controlled or owned by the government. It encompasses businesses and organizations that operate independently of state control. This is in contrast to the public sector, which includes all levels of government and government-controlled enterprises. The private sector is a fundamental component of most economies, driving innovation, competition, and employment. Examples of private sector entities include corporations like Amazon.com, Apple Inc., and Microsoft Corporation.123

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list of corporations - United States
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- public sector
  …the public sector from the private sector is relatively straightforward—it is evident in terms of employment relationships and the right of exercising public power. The next circle includes a number of different quasi-governmental agencies that are, however, placed outside the direct line of accountability within government. Examples range from social…
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  …the public sector from the private sector is relatively straightforward—it is evident in terms of employment relationships and the right of exercising public power. The next circle includes a number of different quasi-governmental agencies that are, however, placed outside the direct line of accountability within government. Examples range from social…
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- economic development
  Role of governments and markets
  Controls over private-sector activity were even more extensive: Price controls were established for many commodities; import licensing procedures eliminated the importing of commodities not given priority in official plans; investment licenses were required before factories could be expanded; capacity licenses regulated maximum permissible outputs; and comprehensive regulations…
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  Controls over private-sector activity were even more extensive: Price controls were established for many commodities; import licensing procedures eliminated the importing of commodities not given priority in official plans; investment licenses were required before factories could be expanded; capacity licenses regulated maximum permissible outputs; and comprehensive regulations…
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economic forecasting
Forecasting the GNP and its elements
…money transferred to bondholders, other private citizens (particularly people receiving pensions), and state and local governments. These funds affect the GNP only when they are finally spent by the recipients.
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…money transferred to bondholders, other private citizens (particularly people receiving pensions), and state and local governments. These funds affect the GNP only when they are finally spent by the recipients.
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economic planning
The nature of economic planning
…of economic growth remains the private sector. Only rarely does the state intervene directly in the affairs of individual firms. Economic planning remains indirect and takes the form of collaboration between the public and the private sectors. Producers and consumers are free to adapt their activities to changes in market…
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…of economic growth remains the private sector. Only rarely does the state intervene directly in the affairs of individual firms. Economic planning remains indirect and takes the form of collaboration between the public and the private sectors. Producers and consumers are free to adapt their activities to changes in market…
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economic planning
Stages of planning in developed countries
…bringing the representatives of the private sector—both employers and workers—into the planning process. This is usually done by setting up a tripartite body (the High Planning Council in France, the Council for Economic Planning in Sweden, for example) where representatives of the private sector are brought together with representatives of…
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…bringing the representatives of the private sector—both employers and workers—into the planning process. This is usually done by setting up a tripartite body (the High Planning Council in France, the Council for Economic Planning in Sweden, for example) where representatives of the private sector are brought together with representatives of…
Read More