public sector
Definition
Part of national economy providing basic goods or services that are either not, or cannot be, provided by the private sector. It comprises of national and local governments, public corporations, and quasi-autonomous non-government organizations (QUANGO). Public sector is one of the largest sectors of any economy; in the US, for example, it accounts for about 20 percent of the entire economy.
public sector is in the Economics, Politics, & Society subject.
public sector appears in the definitions of the following terms: private sector, restrictive business practices (RBP), mixed economy, Generally Recognized Accounting Practice (GRAP) and sovereign public buyer
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