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单词 public sector
释义
public sector

Geography
  • That part of a national economy owned and controlled by the state, including nationalized industries, national and local government services, and public corporations. Mrinska (2007) Northern Economic Agenda, paper 2, concludes that public intervention is necessary to revive the economy of economically depressed regions, resulting in increased employment and spending, which should stimulate growth in the private sector.


Economics
  • Those parts of the economy which are not controlled by individuals, voluntary organizations, or privately owned companies. The public sector thus includes government at all levels, national and local; government-owned firms; and quasi-autonomous non-governmental organizations. When government money is provided to bodies such as charities or housing associations, or privately owned public utilities are subject to close regulation by government-appointed bodies, the distinction between the public and private sectors is not clear-cut.


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