private sector


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private sector

n.
The part of the economy that is controlled by individuals or private organizations and is not funded by the government.

private sector

n
(Government, Politics & Diplomacy) the part of a country's economy that consists of privately owned enterprises. Compare public sector
Translations

private sector

n the private sectoril settore privato
References in periodicals archive ?
The maize and poultry chains which were private sector driven succeeded.
Noting that the IFC could help in further enhancing private sector investment in Pakistan, the minister remarked that a strong private sector was indispensable for ending poverty, generating employment and boosting shared prosperity across the country.
Owusu Banahene stressed the Assembly's preparedness to partner the private sector to implement social and poverty intervention programmes that would bring about sustainable development in the Municipality.
There were a record 32 new private sector projects committed in 2018, compared with 27 the previous year.
"Almost Dh10 billion will be added to Dubai once data is opened and shared from the private sector. We opened and shared the data from the government perspective and qualified this data at a better level in terms of shape, quality and classification; now we want a similar [initiative] from the private sector.
It allows for sharing of benefits by society: services, products and employment to the people diversified innovations solving persistent socio-economic challenges and paying taxes.Its place in economic development cannot be gainsaid the more reason many global processes such as Sustainable Development Goals have room for private sector involvement, especially to improve living standards.
More than half (56 per cent) hold a positive opinion on the sector overall - a high 'approval' rate for the private sector given the dominant role of the public sector in many countries.
"The decision by the UAE Cabinet will not only bring parity in benefits between both public and private sectors, but also help attract the best national talents to take up private sector jobs," he said.
The UAE Cabinet has announced that private sector employees will benefit from the same public holidays as the government sector from this year.
The cell, headed by the Executive Director of NAVTTC, would comprise of a director and four deputy directors, which is mandated to ensure proactive liaison with the private sector partners, said a press release on Monday.
The private sector participation intensified with the conduct of seven different water sector presummits in Luzon, Visayas, and Mindanao.
"As both organizations sharpen their focus on private sector operations, we expect ever greater cooperation and collaboration.

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