- Private sector
-
The part of an economy in which goods and services are produced and distributed by individuals and organizations that are not part of the government or state bureaucracy.
See also:
The part of an economy in which goods and services are produced and distributed by individuals and organizations that are not part of the government or state bureaucracy.
A Glossary of Political Economy Terms copyright © 1994-2005 Paul M. Johnson
Department of Political Science, 7080 Haley Center, Auburn University, Auburn, AL 36849