public sector

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public sector


government sector

that part of the economy concerned with the transactions of the government. Government receives income from TAXATION and other receipts and influences the workings of the economy through its own spending and investment decisions ( GOVERNMENT EXPENDITURE) and through its control (via MONETARY POLICY and FISCAL POLICY) of the spending and investment decisions of other sectors of the economy. The public sector together with the PERSONAL SECTOR, FINANCIAL SECTOR, CORPORATE SECTOR and FOREIGN SECTOR make up the national economy. See CIRCULAR FLOW OF NATIONAL INCOME MODEL.

public sector

That portion of the economy consisting of the government and corporations owned by the government. Contrast with private sector.

References in periodicals archive ?
Thus, we must keep in mind that identifying a market failure is not enough to justify a government intervention.
Self-Governance and Controlled Self-Assessment are two audit-based programs that allow CPAs to manage government intervention by limiting customs' intrusion into a company's operations.
He explains why government involvement in the economy tends to grow over time, how government intervention misallocates resources, and why people put up with and even encourage government growth even though it makes them worse off.
when government intervention is required, it should be through oversight bodies rather than through direct government provision of the service,
This earlier period is the focus of The Regulated Economy, a collection of eight cases studies that examine the origins of government intervention.
If these variables increase and the shaded areas decrease, government intervention will be unnecessary and its hazards can be avoided.
Grouping them with mining and agriculture as the main producers of the nation's wealth, Witt said every effort should be made to unburden these three industries from unwarranted government intervention.
Many Northern Ontario physicians are frustrated with the government's reform measures and are fearful of too much government intervention.
While the traditional impetus for protection has been the loss of domestic market share and jobs to foreign competition, a new school of thought argues that a case can be made for government intervention in the form of promotion of technological change and innovation in particular industries.
Following close behind were unfair foreign trade practices, an undertrained workforce, and government intervention.
Lower capitalization and profitability could result in future downgrades, while further government intervention could also trigger negative changes in all the bank ratings.
Contract award: provides collection / transfer, processing of dead animals and sending products to authorized bodies for the sectors for which government intervention is necessary in the public interest.

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