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 ?
Speaking at the meeting, Mr Raza said the private firm was selected through a bidding process and that the fare will be finalised after the trail service is launched.
Sources said that complete office, staff, fax machine and registration with PEC is necessary for a private firm to gain government contract but the said private company is running the business only on official letter head but this company is running his office in a rented room of transport company.
If it agrees they are unenforceable it will open the floodgates for thousands of drivers to reclaim tens of millions of pounds handed over to private firms after being hit with demands.
Private firms are defined as profit-oriented institutions that fit the classic model of capitalistic, privately owned firms.
First, private firms are driven by profit and commercial logic.
This study presents a dual strategic intent perspective, elucidating that international venturing by emerging economy private firms is prompted by exploiting firm-specific advantages, as well as circumventing market imperfection residuals embedded in home country economic transformation.
This finding is mainly driven by the fact that the public firm is an aggressive competitor as it produces more output than a private firm.
Yet, when a loss-making investment is made, there is the chance of a costly liquidation or nationalization of the private firm, and this is an important difference with a public firm for which the option of nationalization is not available.
Beyond the numbers, what matters most for sellers of private firms is to understand the drivers of the "private firm discount" in order to capture a fair share of the value to be created by the acquisition.
So they hired a private firm and got the same lousy service -- for a $7 million price tag.
Once a private firm does indeed make enterprise value analysis a regular part of its planning and operating decisions, it can start measuring Value at Risk, or "VaR.
A PRIVATE FIRM once prospered by churning out steady revenues and profits, gliding along like a schooner with fair wind in its sails.

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