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In economics
Economics

File:Ballard Farmers' Market - vegetables.jpgEconomics is the Social sciences that studies the Production theory basics, Distribution , and Consumption of Good and Service ....
, the private sector is that part of the economy which is both run for private profit and is not controlled by the state
State

A state is a political Social contract with effective sovereignty over a geographic area and representing a population. These may be nation states, State or multinational states....
. By contrast, enterprises that are part of the state are part of the public sector
Public sector

The public sector is the part of economic and administrative life that deals with the delivery of goods and services by and for the government, whether national, regional or local/municipal....
; private, non-profit organizations are regarded as part of the voluntary sector
Voluntary sector

The voluntary sector is the sphere of social activity undertaken by organizations that are Non-profit organizations and Non-governmental organization....
.

riety of legal structures exist for private sector business organizations, depending on the jurisdiction in which they have their legal domicile.






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In economics
Economics

File:Ballard Farmers' Market - vegetables.jpgEconomics is the Social sciences that studies the Production theory basics, Distribution , and Consumption of Good and Service ....
, the private sector is that part of the economy which is both run for private profit and is not controlled by the state
State

A state is a political Social contract with effective sovereignty over a geographic area and representing a population. These may be nation states, State or multinational states....
. By contrast, enterprises that are part of the state are part of the public sector
Public sector

The public sector is the part of economic and administrative life that deals with the delivery of goods and services by and for the government, whether national, regional or local/municipal....
; private, non-profit organizations are regarded as part of the voluntary sector
Voluntary sector

The voluntary sector is the sphere of social activity undertaken by organizations that are Non-profit organizations and Non-governmental organization....
.

Legal status

A variety of legal structures exist for private sector business organizations, depending on the jurisdiction in which they have their legal domicile. Individuals can conduct business without necessarily being part of any organization.

In countries where the private sector is regulated or even forbidden, some types of private business continue to operate within them.

The private sector focuses on the needs of the shareholders.

Employment

The private sector employs the majority of the workforce in some countries. However, in some countries such as the People's Republic of China
People's Republic of China

The People's Republic of China , commonly known as China, is the largest country in East Asia and the List of countries by population in the world with over 1.3 billion people, approximately a fifth of the world's population....
, the public sector
Public sector

The public sector is the part of economic and administrative life that deals with the delivery of goods and services by and for the government, whether national, regional or local/municipal....
 employs most of the workers.

Statistical organizations

  • Eurostat
    Eurostat

    Eurostat is the statistical arm of the European Commission, producing data for the European Union and promoting harmonisation of statistical methods across the Member States of the European Union, with a seat in Luxembourg....
  • United Nations
    United Nations

    The United Nations is an international organization whose stated aims are to facilitate cooperation in international law, international security, economic development, Social change, human rights and achieving world peace....
     Statistics Division
  • UNESCO
    UNESCO

    United Nations Educational, Scientific and Cultural Organization is a specialized agency of the United Nations established on 16 November 1945....
     Institute for Statistics
  • OECD Statistics Division
  • PARIS21
    PARIS21

    Established in November 1999 in response to the UN Economic and Social Council resolution on the goals of the UN Conference on Development, the PARIS21 consortium was launched to act as a catalyst for promoting a culture of evidence-based policymaking and monitoring in all countries, and especially in developing countries....
  • International Association for Official Statistics (IAOS), a section of the ISI
    International Statistical Institute

    The International Statistical Institute is a professional association of statisticians. It publishes a variety of books and journals, and holds an international conference every two years....


See also

  • Free enterprise
  • Private law
    Private law

    Private law is that part of a legal system that involves relationships between individuals. This includes the law of contracts or torts and the law of obligations....
  • Company law