private sector

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private sector

that part of the economy concerned with the transactions of private individuals, businesses and institutions (the PERSONAL SECTOR, the CORPORATE SECTOR and the FINANCIAL SECTOR, respectively). The private sector and the PUBLIC SECTOR make up the domestic economy and, together with the FOREIGN SECTOR, make up the national economy.

private sector

A portion of the economy composed of businesses and households,but excluding government.

References in periodicals archive ?
Gallup surveys also show that among unemployed Saudis, seeking a job in the private sector is hardly the preferred option; only 17% would opt for private-sector employment, compared with a solid majority of 81% who would prefer to be employed by the government.
I also thank the private-sector companies, which participated in this initiative and which contributed to the development our country and its economy," said Shaikh Mohammad, calling on the other companies in the private sector to join the initiative to provide jobs for Emiratis," he reiterated.
But most health boards showed a marked decrease in the level of expenditure on private-sector treatment.
In fact, when the salaries of those working in government are increased, the burden gets heavier on private-sector workers.
They found that, on average, state and local government workers do earn higher wages than private-sector workers because they are older and substantially better educated.
Jobs in the public sector typically require more education than private-sector positions, and state and local employees are twice as likely as private-sector employees to hold an undergraduate degree.
A survey by CDW, a provider of technology products and services to businesses, shows that 76 percent of private-sector employers now provide technical support for remote workers, up 27 percentage points over 2007.
Put differently, when private-sector companies are hungry for funds to maximize profits, the fiscal deficit must be controlled and contained, but when companies are minimizing debt following the bursting of an asset price bubble, proactive government with sufficient fiscal stimulus becomes absolutely essential.
Security and business-related concerns notwithstanding, there's reason to be hopeful, says Gabriel Goldschmidt, of the International Finance Corporation, the private-sector lending arm of the World Bank.
On average, California's private-sector utility ratepayers, totaling about 75 percent of the state's consumers, pay electricity charges twice the national average.
Department of Labor's employment cost index increased 48 percent for K-12 education workers, compared with 67 percent for all private-sector white-collar employees.
Today's private-sector educators are motivating a new generation of more than three million students to love and respect the art of dance.