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 ?
The private sector is a key stakeholder in both urban and economic development, being a major contributor to national income and the principal job creator and employer.
Active private sector operations have already contributed to the region's economy, providing jobs for an additional 313,308 people and training 322,303 beneficiaries, mostly in financial literacy.
Currently, Majid Al Futtaim, Nakheel, and Property Finder are part of this private sector data project being carried out by Smart Dubai.
Should it negotiate for good governance?The private sector has vast economic powers, which are often enticing to politicians.
'While the private sector has grown significantly over the last years, historically the public sector has remained dominant across the MENA region.
Equal holiday benefits in public and private sectors will therefore increase the productivity of the workforce, as well as improve family ties -- all of which will reflect in enhanced employee efficiency.
More than 338,000 private sector companies are operating in UAE with a combined workforce of 5.26 million, a senior official at the Ministry of Economy said in January.
NAVTC, being an apex body of the TVET sector in the country, has given prime importance to private sector which is essential to build a demand-driven TVET system in Pakistan for increasing youth employability and industrial productivity.
Considering the severity of the river crisis and climate change, Royandoyan suggests that all these different private sector initiatives must now be harnessed into a national movement for water security.
Vice President Jusuf Kalla (JK) encourages that infrastructure development colaboration between the government and the private sector can be expanded.
AFTER the failure of conventional model of governance and service delivery, the Punjab government relied on the private sector professionals in Punjab for development and governance projects.
President George Weah has said his government looks forward to a stronger partnership with the private sector in order to boom the countrys economy and promote fair business environment in the country.

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