As noted above, it is the so-called Keynesian economists who believe that the private sector is inherently unstable.
I believe private sector is households interacting with businesses
I believe private sector is households interacting with businesses
true
Keynesians generally believe that wages and prices are 'sticky', a word which here means 'slow to adjust to changes in the market'. In the short-run, Keynesians argue that the market fails to correct itself after disturbances due to stickiness and that direct government intervention - by promoting aggregate demand - can restore equilibrium and thus eliminate welfare loss due to disequilibrium.
Is a private sector
private
Microsoft is in the private sector.
Private sector banks is a bank that is owned by the private individual. Thats bank called private sector bank.
Private sector are things that are owned by people. Public sector are things that are owned by the government.
They are the wages paid to employees in the private sector.
The difference between public sector and private sector is that when you're in the public sector you work for the government whereas private sector is not. Same applies to accounting.
the public sector does not aim to make a profit and the private sector does an example of the private sector would be primark public sector would be the police,fire engines. The government own the public sector whilst the private sector is owned by its own individuals.