Q:

What is the public sector?

A:

Quick Answer

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.

Know More
What is the public sector?
Credit: Ariel Skelley Blend Images Getty Images

Full Answer

Low-paying public sector jobs include bus drivers, postal workers, customer service representatives at agency offices and schoolteachers. High-paying jobs in the public sector include attorneys, judges and elected officials.

Some types of jobs occur in both the public and private sector. For example, research scientists may work for a corporation, which is the private sector. Alternatively, scientists may work with the Department of Defense, a component of the federal government.

Public sector jobs often pay less than comparable private sector jobs, although their benefits may help offset the lower salary. Because they are public jobs, the hiring and firing process is likely to be more elaborate than those in the private sector.

The public sector is funded with taxpayer dollars, while private sector jobs are paid out of the revenues generated by the company. The public sector does not mean the same thing as a publicly traded company. Publicly traded companies are private-sector corporations with stock that may be purchased by anyone.


Is this answer helpful?

Similar Questions

  • Q:

    Why are jobs important?

    A:

    Jobs are important for several reasons: they provide workers with personal feelings of self-worth and satisfaction and produce revenue, which in turn encourages spending and stimulates the larger economy. Jobs provide personal and economic benefits. Although the type of jobs Americans pursue varies widely, all workers benefit from having careers.

      Full Answer >
    Filed Under:
  • Q:

    What is the tertiary sector?

    A:

    The tertiary sector is focused on tertiary production, which is commercial services that work to provide support to distribution and production processes such as warehousing, transport services, insurance services, teaching, health care and advertising services. In the industrial world, there are three types of industry sectors: primary sectors, secondary sectors and tertiary sectors.

    Full Answer >
    Filed Under:
  • Q:

    What are the objectives of the private sector?

    A:

    Objectives within the private sector include optimizing profits, reporting financial data with clarity, selecting the proper organizational structure to limit liability and to protect company policies, such as marketing plans, from the competition. Private sector companies are not controlled by the state. According to unemployment rates followed by the United States Bureau of Labor Statistics, the private sector offers the most job opportunities.

    Full Answer >
    Filed Under:
  • Q:

    What is the largest sector of the macroeconomy?

    A:

    The largest sector of the macroeconomy is the government. The other sectors of the macroeconomy include the household sector, the business sector and the foreign sector.

    Full Answer >
    Filed Under:

Explore