the economic sector asset by government for public welfare.
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.
its a third sector
No.
In many economies the public sector is the largest employer. (i.e. State employees (the public sector) outnumber people in private companies)
The public sector provides essential services that prioritize public welfare over profit, such as education, healthcare, and infrastructure. It also plays a crucial role in regulating and maintaining public order, ensuring social equity, and protecting the environment. Additionally, the public sector often provides safety nets and support for vulnerable populations, which may not be financially viable for the private sector to address.
Define management and contrast the nature of management in (i) service and production industries; (ii) private and public sector organization.
public sector
no.
A sector in which the public can budget
the public sector necessity
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.
Private sector are things that are owned by people. Public sector are things that are owned by the government.
Government is public sector. Corporations and partnerships are Private sector. The government wants to support both the public and private sector to improve the economy and well-offness of the people it serves.
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.
Sainsburys is in the public sector.
function of public sector in india
what is the importance of public sector accounting