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Aim of a public sector business?
The aim of a public sector business, is to make profits just like the private sector. Public sector is run by the government on behalf of the public and mostly offer government services.
Is the part of the economy that involves the transactions of the government?
Public Sector
Explain what a private sector is?
The private sector is that part of business and commerce that is not run by the Government
WHAT IS APrivate sector?
private sector is an area of business owned not by the government or council but normal people
What Does Service Sector Mean?
private sector is an area of business owned not by the government or council but normal people
What is three-sector economy?
In a Three-sector economy ,along with the household sector & business sector there is government sector too.Because the government can influence on the circular flow of income in 2 ways.1.It collects taxes[=T] from households & firms,and2.it makes various payments [=G] to household & business sectors.Here taxes can be taken as a lekage & government expenditure as an injection.
He Boy Scouts of America is an example of which type of business. Public sector government-financed agency private sector or for-profit?
Private Sector
What is the difference between public sector and Private for-profit sector?
The public sector is a government (city, state, national); the private sector is a business. Public sector jobs are publicly-funded (by taxes, for instance) whereas private sector jobs depend on the revenue of the business
How is the term business sector used in economics?
In economics, the term business sector is the portion of the economy made up by the companies. It excludes the economic activities of the government in general.
What are four economic agents?
-individual -family -business -government -internnational sector
What is the statutory sector -?
The statutory sector involves all the organisations that are set up, controlled and funded by the government, for example public school and NHS hospitals. The statutory sector is funded by people who pay taxes and national insurance etc. This is different from the independent sector which involves organisations being run by business people who are usually in it to make profit. The independent sector is funded by the clients who use the service. Their money is used to buy supplies and pay wages etc. An example of an independent sector organisation is private schools.
How will the current government uplift industrial sector of Pakistan?
Current government led by Nawaz Sharif is basically famous for its business friendly policies. They will definitely contribute towards the betterment of Industrial sector of Pakistan.
