public sector

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public sector

or

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 ?
MI) (OTCBB: ISNPY), Italy's largest retail bank, has said that he is expecting state intervention in the recapitalisation of Italian banks, following the European Union's latest stress tests, MF-Dow Jones has reported.
Despite the discomfort posed by state intervention, it may sometimes be necessary to protect a child," Murtagh said.
But those advocating state intervention argue that it "shouldn't be a big deal" for gas-rich Qatar to dole out the sum to ease the community's woes.
The political, ideological, and strategic divides between advocates of more state intervention and those who understand the ideological, political, and ethical problems associated with relying upon the conservative state to bring about justice have deepened over the past 10 years as many deleterious consequences associated with engagement and dependence on the criminal legal system have been revealed.
To avoid delays in deploying other companies to assist in emergencies, she said, if a utility fails to adequately respond, the legislation would allow state intervention at any time after a state of emergency is declared by the governor.
What surprised ECB strategists was that Ackermann in the past has been a fierce opponent of any state intervention in the event of market failure.
The topics here include applications and issues such as representations of persuasive argument, anchored narratives in reasoning about evidence, presumptions about the burden of proof, modeling state intervention in cases of conflicting interest, automated detection of reference structures, improved legal document summarization, the end of multiple and complex citations, normative systems, an ontology of basic legal concepts, discordance detection, personal injury, translation of languages, and software that helps lawyers build cases.
There has been a call for less state intervention in Airbus from EU Transport Commissioner Jacques Barrot although Cercone said that the Commissioner did not entirely rule out support for Airbus.
She also turns her attention to how the institution of slavery and indentured labor affected white households and authority, as well as how freedom significantly increased the number of households after the Civil War and created new forms of state intervention into household authority.
His plans massively to increase state intervention in the homes of dysfunctional families have done little to restore my confidence in a government that has failed to tackle the root causes of anti-social behaviour.
THE CONSEQUENCES OF STATE intervention are also on display in Russia, where an anti-bootlegging effort begun Jan.
It also demonstrates the effects of such offending on the family as a whole and the often less-than-positive outcomes of state intervention.

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