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.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005

public sector

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

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
It is unclear how successful government intervention would be.
While government intervention in business is not unique to China, the Chinese economy is particularly well suited for examining the impact of government intervention on corporate investment allocation for three reasons.
"We'll just see how the POC would handle this but I am afraid that we (country) might be accused of government intervention by the IOC."
Two TV channels-One TV and the Diganta TV were closed because of government intervention. In this situation the Face Book or the social media has become a dependable source for carrying the decent voice.
We do not dispute the idea that support for government intervention is highest among those in low economic positions.
I suggest that business is already overburdened with government intervention and taxes starting with the highest corporate tax rate in the free world.
In the Wealth of Nations, Smith frequently criticizes government intervention because it prevents self-interested individuals from coordinating themselves as they are "led by an invisible hand" (Smith 1776, p.
The survey also highlighted the most important issues investment managers expect to face in 2014, which are government intervention, inflation, global economic imbalances and financial instability, with government intervention being a very significant concern for them in the next five years.
Birmingham MP Khalid Mahmood (Lab, Perry Barr) said he was backing Mr Asghar's family's pleas for UK government intervention.
Researching the influence of government intervention on logistics enterprise's adoption intention on information technology will be helpful to explain the causes.
Some open-minded people can be swayed to support government intervention on climate change--but only if they are presented with both the benefits and the costs, maintains a study appearing in the Journal of Communication.
But Palou said the committee expressed apprehension that the court decision is a form of government intervention and could result in the country's suspension by the IOC.

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