Q:

What is the difference between the public sector and the private sector?

A:

Quick Answer

The public sector consists of organizations that are owned and operated by the government, while the private sector consists of organizations that are privately owned and that do not form part of the government. The public sector includes organizations run by federal, state and municipal government bodies.

Know More
What is the difference between the public sector and the private sector?
Credit: John Moore Getty Images News Getty Images

Full Answer

Public sector organizations often provide vital services at affordable prices. They include schools, health care facilities and police stations. Anyone paid directly by the government for their work, for example, post office workers, IRS employees and members of the FBI, is also part of the public sector. The private sector includes a variety of corporations and small businesses, like retail stores, restaurants and credit unions.

Learn more in Industries

Related Questions

  • Q:

    What is a quinary sector?

    A:

    The quinary sector is the branch of a country's economy where high-level decisions are made by top-level executives in the government, industry, business, education, media and nonprofit organizations. The quinary sector is the top economic sector.

    Full Answer >
    Filed Under:
  • Q:

    What is a footing in construction?

    A:

    A footing is a part of the foundation that helps support the foundation so that the structure does not settle. It is typically made of concrete with rebar reinforcement. The depth and width of the footing depends on the type of soil and the size and type of the foundation.

    Full Answer >
    Filed Under:
  • Q:

    What is the hospitality industry?

    A:

    According to the Bureau of Labor Statistics, the hospitality industry is part of the larger service-providing industry and is divided into two sectors: food and accommodation services and arts and entertainment. The hotel and restaurant industries are included within the food and accommodation sector. People who work at an amusement park are included within the arts and entertainment sector.

    Full Answer >
    Filed Under:
  • Q:

    What is the public sector?

    A:

    The public sector refers to jobs that are with governmental agencies. It contrasts with the private sector, which is comprised of businesses owned by individuals or corporations. Public sector jobs may be with local, city, county, state or federal governmental agencies. The two terms are usually used in reference to employment.

    Full Answer >
    Filed Under:

Explore