Citizendia

Economic sectors
Three-sector
hypothesis
Colin Clark
Jean Fourastié
Primary sector
(raw materials)
Secondary sector
(manufacturing)
Tertiary sector
(services)
Others suggested
Quaternary sector
Quinary sector
By ownership
Public sector
Private sector
Voluntary sector

In economics, the private sector is that part of the economy which is both run for private profit and is not controlled by the state. The Economy may be classified into subdivisions called sectors (also called Industries) in several ways The three-sector hypothesis is an economic theory which divides economies into three sectors of activity extraction of raw materials ( primary) manufacturing ( Colin Grant Clark ( November 2, 1905 - September 4, 1989) was a British Economist and Statistician who worked Jean Fourastié ( April 15, 1907, in Saint-Benin-d'Azy, France - July 25, 1990, in Douelle, France The public sector is the part of economic and administrative life that deals with the delivery of goods and services by and for the Government, whether national Regional The voluntary sector (also non-profit sector) is the sphere of social activity undertaken by Organizations that are non-profit and non-governmental Economics is the social science that studies the production distribution, and consumption of goods and services. A state is a political association with effective Sovereignty over a geographic Area and representing a Population. By contrast, enterprises that are part of the state are part of the public sector; private, non-profit organizations are regarded as part of the voluntary sector. The public sector is the part of economic and administrative life that deals with the delivery of goods and services by and for the Government, whether national Regional The voluntary sector (also non-profit sector) is the sphere of social activity undertaken by Organizations that are non-profit and non-governmental

Contents

Legal status

A variety of legal structures exist for private sector business organizations, depending on the jurisdiction in which they have their legal domicile. Individuals can conduct business without necessarily being part of any organization.

In countries where the private sector is regulated or even forbidden, some types of private business continue to operate within them.

Employment

The private sector employs the majority of the workforce in some countries. In some countries such as the People's Republic of China, the public sector employs most of the workers. Talk People's Republic of China) PEOPLE'S REPUBLIC OF CHINA ARTICLE GUIDELINES The public sector is the part of economic and administrative life that deals with the delivery of goods and services by and for the Government, whether national Regional [1]

Statistical Organizations

See also

References

  1. ^ Joe Zhang. The Statistical Office of the European Communities ( Eurostat) is the Statistical arm of the European Commission, producing data for the European Union The United Nations ( UN) is an International organization whose stated aims are to facilitate cooperation in International law, International security United Nations Educational Scientific and Cultural Organization ( UNESCO) is a specialized agency of the United Nations established on November 16 Established in November 1999 in response to the UN Economic and Social Council resolution on the goals of the UN Conference on Development, the PARIS21 consortium The International Statistical Institute ( ISI)is a professional association of statisticians which seeks to "develop and improve statistical methods and their application Free enterprise may refer to Free enterprise system or Free enterprise economy, another term for Capitalism Free Private law (Civil law is that part of a Legal system that involves relationships between individuals Corporate law (also "company" or "corporations" law is the Law of the most dominant kind of business enterprise in the modern world China’s private sector in shadow of the state. ft. com. Retrieved on 2007-07-06. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Events 1044 - The Battle of Ménfő takes place 1189 - Richard the Lionheart is crowned King of England
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