Information AboutPrivate Sector |
| CATEGORIES ABOUT PRIVATE SECTOR | |
| economic systems | |
| social philosophy | |
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The private sector is fundamental part of the economy that is both run for Profit and is not controlled by the State . By contrast, enterprises that are part of the state are part of the Public Sector ; non-profit organizations are regarded as part of the Voluntary Sector . A variety of legal structures exist for private sector business organizations, the most common of which is the Limited Company . However, there are many other structures available, such as Partnership s and Limited Partnership s. A significant part of the private sector consists of individuals who trade directly, without being part of a company; these are known as Sole Trader s. Capitalism revolves primarily around the private sector controlling industry. The private sector is generally largest in capitalist and Mixed Economies . |
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