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 ?
He said PAC with private industry collaboration could augment its existing T-56 (Rolls-Royce) engine facility and develop new PT6 engines for aircraft.
And this is even before we get functional and practical clarity on the use of open MEPs by private industry.
We see these people working in federal and provincial government research labs and also for private industry, (hopefully) raising the calibre of Highly Qualified Personnel (HQP) in product development.
As was first mentioned in the January News Digest, CPAs employed in public accounting, private industry or government are encouraged to participate in a brief online survey (http:// facultyfp.
Private industry will continue to be the principal funder of R&D, as it has been for the past 25 years, but the increase for 2005 is expected to be a little less than 2 percent, representing basically no change in real dollar outlay.
People who have been largely involved in the academic world all their life don't really understand what it's like to work in private industry or even a large not-for-profit and don't have some of the skills [they need]" says Trudy Steinfeld, director, New York University Office of Career Services.
The answer to that question is at once both predictable and shocking: For the past two decades, medical research has been quietly corrupted by cash from private industry.
Established in March 2002, the Homeland Security Advisory System was designed to disseminate information regarding the risk of terrorist acts to federal, state, and local government agencies, private industry, and the public.
Based on the responses of over 2,200 decision-makers in private industry, government, and education, the results of the survey indicate a great deal of opportunity and some pitfalls.
But he notes that the government and private industry have put in place a national plan to improve high-tech education, and have created a fund to encourage research and attract venture capital to software companies.
Ryon has 12 years telecommunications experience with both private industry and the U.
April: Space shuttle Endeavor will fly a suite of experiments, designed by private industry, in a carrier known as Spacehab.

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