Why the public sector becomes involve and intervene in the economy
Public sector are businesses run by the government. Thus to become a public sector you'd have to become part of the government or get a job working for the government.
The public sector intervenes with indirect taxes to generate revenue for government expenditures, such as infrastructure, education, and healthcare. These taxes can also be used to influence consumer behavior, encouraging or discouraging the consumption of certain goods and services for public health or environmental reasons. Additionally, indirect taxes help to redistribute wealth by imposing higher taxes on luxury goods, thus contributing to social equity. Overall, this intervention aims to stabilize and stimulate the economy while addressing social objectives.
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public sector
A sector in which the public can budget
The public sector in South Africa became involved and intervened primarily to address historical injustices and socio-economic disparities stemming from apartheid. The government aimed to implement policies that promote equity, improve access to resources, and enhance service delivery in education, healthcare, and housing. Additionally, public sector intervention was necessary to stabilize the economy and foster sustainable development in a post-apartheid context, ensuring that all citizens could benefit from national growth and development initiatives.
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.