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Information about Public 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 or local/municipal.

Examples of public sector activity range from delivering social security, administering urban planning and organizing national defenses.

The organization of the public sector (public ownership) can take several forms, including:
  • Direct administration funded through taxation; the delivering organization generally has no specific requirement to meet commercial success criteria, and production decisions are determined by government.
  • Publicly owned corporations (in some contexts, especially manufacturing, "State-owned enterprises"); which differ from direct administration in that they have greater commercial freedoms and are expected to operate according to commercial criteria, and production decisions are not generally taken by government (although goals may be set for them by government).
  • Partial outsourcing (of the scale many businesses do, e.g. for IT services), is considered a public sector model.
A borderline form is
  • Complete outsourcing or contracting out, with a privately owned corporation delivering the entire service on behalf of government. This may be considered a mixture of private sector operations with public ownership of assets, although in some forms the private sector's control and/or risk is so great that the service may no longer be considered part of the public sector. (See Britain's Private Finance Initiative.)
In spite of their name, public companies are not part of the public sector; they are a particular kind of private sector company that can offer their shares for sale to the general public.

The decision about what are proper matters for the public sector as opposed to the private sector is probably the single most important dividing line among socialist, liberal, conservative, and libertarian political philosophy, with (broadly) socialists preferring greater state involvement, libertarians favoring minimal state involvement, and conservatives and liberals favouring state involvement in some aspects of the society but not others.

See also

References

government is a body that has the power to make and the authority to enforce rules and laws within a civil, corporate, religious, academic, or other organization or group.[1]
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Regional may refer to:

Transport

  • Regional - Amtrak train service between Newport News, Virginia and Boston, Massachusetts, USA.
  • Regional Air - an airline based in Papua New Guinea.
  • Regional Air - a defunct airline formerly based in Kenya.

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Local may refer to:

In medicine:
  • Local refers to a restricted part of the organism; such as a local anesthesia
In computing:
  • Locale, a term used in software development to refer to the user's location

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township (or municipality) (in Ireland: townland) is a settlement which has the status and powers of a unit of local government. Specific use of the term to describe political subdivisions has varied by country.
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The term Social Security has several uses.
  • Canada Pension Plan - Canadian Social Insurance
  • Social security - the general concept of providing welfare
  • Social Security (United States) - the United States retirement/disability program

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Urban, city, or town planning is the discipline of land use planning which explores several aspects of the built and social environments of municipalities and communities.
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In military science, defense (or defence) is the art of preventing an attack, or minimizing the damage of an attack, e.g. by preventing an enemy from conquering territory.
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Public ownership (also called government ownership, state ownership or state property) refers to government ownership of any asset, industry, or corporation at any level, national, regional or local (municipal); or, it may refer to common (full-community)
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Economic policy
Monetary policy
Central bank   Money supply
Fiscal policy
Spending   Deficit   Debt
Trade policy
Tariff   Trade agreement

Finance
Financial market
Financial market participants
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Commerce is a division of trade or production which deals with the exchange of goods and services from producer to final consumer. It comprises the trading of something of economic value such as goods, services, information or money between two or more entities.
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Corporatization is a more precise term for what often is called privatization, for it almost always refers to a process by which formerly public assets or functions are sold or given to corporate entities.
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A government corporation, government-owned corporation or government business enterprise is a legal entity created by a government to exercise some of the powers of the government.
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worldwide view of the subject.
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Outsourcing became part of the business lexicon during the 1980s and refers to the delegation of non-core operations from internal production to an external
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worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page.


Outsourcing became part of the business lexicon during the 1980s and refers to the delegation of non-core operations from internal production to an external
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The of this article or section may be compromised by "weasel words".
You can help Wikipedia by removing weasel words.

The Private Finance Initiative specifies a method, developed initially by the United Kingdom government, to provide financial support for
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A public company usually refers to a company that is permitted to offer its securities (stock, bonds, etc.) for sale to the general public, typically through a stock exchange.
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In economics, the private sector is that part of the economy which is both run for profit and is not controlled by the state. 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
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Socialism

Currents
Communism
Democratic socialism
Eco-socialism
Guild socialism
Libertarian socialism
Market socialism
Revolutionary socialism
Social democracy
Utopian socialism


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Liberal may refer to:

Politics:
  • Liberalism, a political ideology that seeks to maximize individual liberties.
  • Classical liberalism and/or social liberalism, the two major competing schools within liberalism.

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Conservatism is a term used to describe political philosophies that favor tradition and gradual change, where tradition refers to religious, cultural, or nationally defined beliefs and customs.
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Libertarianism

Schools of thought
Agorism
Anarcho-capitalism
Geolibertarianism
Green libertarianism
Right-libertarianism
Left-libertarianism
Minarchism
Neolibertarianism
Paleolibertarianism
Progressive libertarianism


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Libertarianism

Schools of thought
Agorism
Anarcho-capitalism
Geolibertarianism
Green libertarianism
Right-libertarianism
Left-libertarianism
Minarchism
Neolibertarianism
Paleolibertarianism
Progressive libertarianism


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For other senses of the word "agency", see agency.


A government agency is a permanent or semi-permanent organization in the machinery of government that is responsible for the oversight and administration of specific functions, such as an
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The nonprofit sector, also called the third sector, civic sector or voluntary sector, is a third area of an economy, distinct from the public sector and the private sector. It is made up of all of the non-profit organizations in the economy.
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In economics, the private sector is that part of the economy which is both run for profit and is not controlled by the state. 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
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