Public sector

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Public sector

Public sector (/ˈpʌblɪk ˈsɛktər/), from the Latin publicus (public) and sector (section), refers to the part of the economy composed of both public services and public enterprises.

Definition

The public sector is a part of the state that deals with the production, delivery and allocation of goods and services by and for the government or its citizens, whether national, regional or local/municipal. Examples of public sector activity range from delivering social security, administering urban planning and organizing national defenses.

Etymology

The term "public sector" is derived from the Latin words publicus meaning "public" and sector meaning "section". It was first used in the English language in the late 18th century to describe the government-controlled part of the economy.

Related Terms

  • Public services: Services provided by the government to people living within its jurisdiction.
  • Public enterprises: Government-owned corporations that operate in the commercial sector.
  • Government: The governing body of a nation, state, or community.
  • Economy: The wealth and resources of a country or region, especially in terms of the production and consumption of goods and services.
  • Social security: Any government system that provides monetary assistance to people with an inadequate or no income.
  • Urban planning: A technical and political process concerned with the development and design of land use and the built environment.
  • National defense: Military actions to protect a country's economic interests, territorial integrity, and political sovereignty.

External links

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