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 ?
On net basis, bank loans rose from Rs224 billion to the private sector in fiscal year 2015 to Rs460.
The Indian government has urged an expanded role for the private sector to help achieve universal immunisation coverage," said Sharma.
Emiratis' acknowledgement of the importance of the private sector will not necessarily translate into greater private sector employment.
Gallup surveys also show that among unemployed Saudis, seeking a job in the private sector is hardly the preferred option; only 17% would opt for private-sector employment, compared with a solid majority of 81% who would prefer to be employed by the government.
The private sector department also has a specific vehicle called the Project Development Company.
A number of actors in the public and private sectors participate in the activities of the seminar.
But, at the same time, private sector employers cannot continue to dodge hiring Emiratis.
Ghobash said a comprehensive study had been carried out, under directives of His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, and Shaikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, to analyse the reasons why young Emiratis were not taking up private sector jobs.
The role played by the private sector over centuries with their contribution is record high.
But the Welsh Government said that although it was committed to reducing the reliance on private care, some specialist services were only available through the private sector.
Despite several studies putting the current rate of nationals working in the private sector at less than 10 per cent, Essa Al Mulla, executive director of the Emirates National Development Programme (ENDP) wants huge progress in the next 10 years.
ISLAMABAD -- Private sector-led growth and job creation is essential for reviving the economic recovery as private sector is the biggest contributor to GDP and the leading employer in the country.

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