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private sector:

. . . the ownership subdivision of an economy sans government entities and operations. The latter makes up the public sector; i.e. entities and operations . . . not controlled by the state (source of quote). The private sector is also exclusive of the voluntary sector, aka community sector. So, what does the private sector cover? — private enterprise and individual ownerships. Business Dictionary.com has a definition of private enterprise.

Economies are sectored in other ways. For example, a traditional method divides an economy into a primary sector (raw materials), a secondary sector (finished goods) and a tertiary sector (services). Additional sectors now added are a quaternary sector (intellectual activities) and a quinary sector (top-level decision activities).

Wikipedia has a economic sector article with more information. Also the Enterprise & Economic Development Library has an economy section with links to resource about such nomenclatures as financial sector and digital economy.



 
 
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Economic Development Services, Inc. -- copyrights and all rights reserved / 04/01/2014