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.
Read more about Private Sector: Employment
Famous quotes containing the word private:
“Mens sana in men’s sauna, in the flush
Of health and toilets, private and corporal glee,”
—Anthony Hecht (b. 1923)