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

private sector

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

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 ?
On average, combined pension and Social Security benefits for private industry and State and local government retirees with 20 years of service and final-year earnings of $25,000 replaced 43.2 percent and 67.8 percent, respectively, of preretirement income, Replacement rates were highest for police and firefighters.
For example, professional specialty and technical occupations, which show the largest percent change during June 1981-86 in both the private sector (34.0 percent) and State and local government (37.6 percent), account for nearly two-fifths of State and local government employment, compared with slightly more than one-tenth in private industry. Teachers, the largest group within the professional occupation, make up more than one-fifth of all State and local employment and received large pay gains during June 1981-86.
He said indigenisation requirements of Hindustan Aeronautics Limited (HAL), OFB, DPSUs, Army, Air Force, and Navy have also been hosted on Ministry of Defence (MoD) website for the benefit of the private industry.
He said, "PAC with private industry collaboration could augment its existing T-56 (Rolls-Royce) engine facility and develop new PT6 engines for aircrafts."
Air Marshal Arshad Malik said private industry could also undertake aviation related design and development programs like upgrading Super Mushshak aircraft, development of unmanned aerial vehicles and systems as well as systems and accessories for JF-17 aircraft.
And this is even before we get functional and practical clarity on the use of open MEPs by private industry. With the president finally behind this bipartisan effort, who knows what fantastic offerings will make their way into the retirement benefits offered by small businesses to their employees?
Employer costs per hour worked for health insurance for workers in private industry, by major occupational group, March 2008 Management, professional, and related $2.77 Natural resources, construction, and maintenance 2.30 Production, transportation, and material moving 2.21 Sales and office 1.67 Service 0.90 All workers 1.92 Note: Table made from bar graph.
I believe that if public accounting firms and private industry would take more time with their candidates before making a determination as to whether they are a fit there would be more hiring and less searching.
Only 48% of nonunion workers in private industry had group life insurance in 2006, down from 53% 5 years earlier, while among unionized employees, the ratio declined sharply to 62%, from 78%, in the same period.
It is also true that of the money granted in the first round little went to private industry - what readers should know though is that this was more because of the lack of verve and enterprise of private industry than of political expediency.
Wynne spoke for about two hours to a diverse student body consisting of government civilian, military, and private industry students, and passed on his personal philosophy, his recent experiences undergoing Senate confirmation and his outlook on assuming his new post as secretary of the Air Force.
Every move of private industry, big or small, was subject to licensing.

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