PUBLIC SECTOR Meaning and
Definition
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The public sector refers to the part of the economy that is controlled and funded by the government, representing various government agencies and organizations responsible for delivering public services to citizens. It includes government entities at the local, regional, and national levels, as well as state-owned enterprises. The primary objective of the public sector is to promote the welfare and interests of the general public by providing essential services and utilities, such as education, healthcare, transportation, defense, and law enforcement.
In the public sector, decision-making and resource allocation are typically done by elected or appointed officials, who are accountable to the public for the efficient and effective use of public funds. Public sector organizations aim to ensure equal access to services, regulate industries to safeguard public interest, and address societal needs that may not be adequately met by the private sector alone.
The funding for the public sector comes from taxes, fees, and other government revenues. Additionally, the public sector plays a crucial role in stimulating economic development through investment in infrastructure projects and job creation. It also establishes and enforces regulations to maintain fair competition and protect consumers.
Overall, the public sector shapes and affects various aspects of society, working towards societal progress, equity, and the collective well-being of the citizens it serves.
Common Misspellings for PUBLIC SECTOR
- oublic sector
- lublic sector
- -ublic sector
- 0ublic sector
- pyblic sector
- phblic sector
- pjblic sector
- piblic sector
- p8blic sector
- p7blic sector
- puvlic sector
- punlic sector
- puhlic sector
- puglic sector
- pubkic sector
- pubpic sector
- puboic sector
- publuc sector
- publjc sector
- publkc sector
Etymology of PUBLIC SECTOR
The word "public sector" has its etymology rooted in Latin and French.
The term "public" derives from the Latin word "publicus", which means "of the people" or "pertaining to the people". It is derived from the combination of two words: "populus", meaning "people", and "licus", meaning "pertaining to".
The word "sector" is from the Latin word "sector", which means "cutter" or "divider". It comes from the verb "secare", meaning "to cut" or "to divide".
The term "public sector" was first used in the 1940s and gained popularity in the mid-20th century. It refers to the part of the economy that is controlled and operated by the government or state, serving the public interest. The public sector includes governmental organizations, public enterprises, and administrative bodies.
Similar spelling words for PUBLIC SECTOR
- public lecture,
- public works,
- public security,
- public exposure,
- public trust,
- public law,
- public domain,
- public easement,
- public debt,
- publicized,
- public nudity,
- public office,
- public lavatory,
- public mover,
- public speaker,
- public relations,
- public property,
- public eye,
- public opinion,
- public transport,
- public press,
- public housing,
- public house,
- public debate,
- publically,
- public treasury,
- public speaking,
- publicizing,
- public square,
- public charity,
- public service,
- publicised,
- public toilet,
- public violence,
- publication,
- public servant,
- public school,
- public library,
- public figure,
- publiciser,
- public transit,
- publicizer.
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