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In economics, the private sector is that part of the economy, sometimes referred to as the citizen sector, which is run by private individuals or groups, usually as a means of enterprise 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 sector.
Employment
The private sector employs the majority of the workforce in some countries. However, in some countries such as People's Republic of China, the public sector employs most of the workers.[1]
See also
References
ar: bg: da:Privat sektor et:Erasektor es:Sector privado fa: fr:Secteur priv id:Swasta sw:Sekta Binafsi arz: nl:Private sector pl:Sektor prywatny pt:Iniciativa privada ru: sr: fi:Yksityinen sektori sv:Privat sektor
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