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Businesses are owned by either the private sector, or businesses are state owned. It means that the British government does not own it; private individuals own it.

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Q: British gas is a private sector business what does this mean?
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What do you mean by private sector banks?

Private sector banks is a bank that is owned by the private individual. Thats bank called private sector bank.


What rare the main differences between public and private sector?

I take it you mean what are instead of what rare. The private sector is owned by the people. The public sector is owned by the government.


What does LOB mean within context of banking sector?

line of business


What is the largest business sector?

The largest business was probably World Market, in Shadow Lake. But now that the World Market is gone, it is now Borders bookstore. If you mean in Bellevue, the largest business is Walmart.


What does it mean when a government privatizes a business?

If a government owns a business or indeed public utility service, then this business is staffed by civil or public servants and the government ultimately acts as the board of the directors for the business on behalf of the shareholders which are the citizens of the country. Any money made goes into the government coffers and if there is a loss then the tax payer takes the hit. Politically there are arguments about weather or not governments should own and run businesses and when the political opinion takes a socialist bent, the government may nationalize (buy and take ownership of) private businesses, bringing them into public ownership. However when political thinking swings the other way, the government sells (by selling shares) its ownership of some businesses to the public and this is called privatization of a business. The money raised goes into the governments coffers and the business and staff are transferred into private sector management.

Related questions

What Does Service Sector Mean?

private sector is an area of business owned not by the government or council but normal people


What do you mean by private sector banks?

Private sector banks is a bank that is owned by the private individual. Thats bank called private sector bank.


What rare the main differences between public and private sector?

I take it you mean what are instead of what rare. The private sector is owned by the people. The public sector is owned by the government.


What do you mean by joint sector explain the importance of joint sector?

Simply stated, the joint sector is a form of partnership between the public sector an the private sector


What does LOB mean within context of banking sector?

line of business


What does it mean to privatize an industry?

To privatize an industry mean to transfer ownership of something from the government to the private sector, or to the public, which increases competition.


What does private customer mean?

it means a normal individual going to business and buying a product this what a private customer means


What is the difference between private sector organization and public sector organization?

Public Sector = Government regulated organizations owned by shareholders as listed through a stock exchange. "Public" because of the access available for public purchase or trade shares. Private Sector = Privately owned companies (mostly small businesses) run by an individual or small group instead of shareholders. Such companies are unregulated by federal authority and make up the majority of labor forces in most countries.


What does public management mean?

Public management means the use of private-sector management tools by the government. Various private and public domain tools are used to maximize on effectiveness and efficiency.


What are three ways you and your family could use a personal computer?

Every one can use a PC and there's a vast things you can do, I mean the use of computer is so powerful, you can almost do everything in your PC. Business sector, use computers for their databases and file transactions. Government sector, use computer for files and research development (also espionage). Private sector can use computer for information and entertainment. Also in plain household, the family enjoys Internet and etc. Hope my answer helped you.


What is the largest business sector?

The largest business was probably World Market, in Shadow Lake. But now that the World Market is gone, it is now Borders bookstore. If you mean in Bellevue, the largest business is Walmart.


What does COP the british business acronym mean?

It means Close of Play. Refers to the end of the business day.