Definition
The part of the economy concerned with providing basic government services. The composition of the public sector varies by country, but in most countries the public sector includes such services as the police, military, public roads, public transit, primary education and healthcare for the poor. The public sector might provide services that non-payer cannot be excluded from (such as street lighting), services which benefit all of society rather than just the individual who uses the service (such as public education), and services that encourage equal opportunity.
This content can be found on the following page:
http://www.investorwords.com/cgi-bin/getword.cgi?id=3947&term=public%20sector
email to a friend
print this definition
cite this definition
link to this page
Copy and paste this HTML in your website to link to this page
'public sector' appears in the definitions of these other terms on BusinessDictionary.com:
sovereign public buyer, Generally Recognized Accounting Practice (GRAP), mixed economy, restrictive business practices (RBP), private sector
Related Research Articles from the InvestorGuide.com University
Economic Indicators
Find out about some of the most researched pieces of news in the world. Topics include Gross Domestic Product, Consumer Price Index, the Producer Price Index, Employment Indicators, the Retail Sales Index, the National Association of Purchasing Management Index, the Consumer Confidence Index, and more.
Inflation and Interest Rates
Discover how inflation works and the affect it can have on the market. Also, learn about interest rates, what causes them to rise or drop, and why you should care.
Federal Reserve and Monetary Policy
Learn the basics about the Federal Reserve, The Federal Open Market Committee (FOMC), and how monetary policy is used to target interest rates to avoid inflation and slow economic growth.
|
