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The private sector is the part of the economy which is owned by private groups, usually as a means of establishment for profit or non profit, rather than being owned by the government. Employment [ edit ]
Private enterprises comprise the private sector of an economy. An economic system that 1) contains a large private sector where privately run businesses are the backbone of the economy, and 2) a business surplus is controlled by the owners, is referred to as capitalism .
This is a list of the world's largest non-governmental privately held companies by revenue.This list does not include state-owned enterprises like Sinopec, State Grid, China National Petroleum, Kuwait Petroleum Corporation, Pemex, Petrobras, PDVSA and others.
In economics, the business sector or corporate sector - sometimes popularly called simply "business" - is "the part of the economy made up by companies". [1] [need quotation to verify] [2] It is a subset of the domestic economy, [3] excluding the economic activities of general government, private households, and non-profit organizations serving individuals. [4]
Privatization is the process of transferring ownership of a business, enterprise, agency, charity or public service from the public sector (the state or government) or common use to the private sector (businesses that operate for a private profit) or to private non-profit organizations.
Privatization (rendered privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation when a heavily regulated private company or industry becomes less regulated.
Companies in the private sector added 146,000 jobs in November, payroll processing firm ADP said on Wednesday. The figure is below economists’ estimates of 150,000 jobs and much lower than the ...
A for-profit corporation is usually an organization operating in the private sector which sets aims that eventually help the organization itself. This kind of a company makes shares of ownership available to the general public.