Public sector

From WikiMD's medical encyclopedia

Public sector refers to the part of the economy composed of both public services and public enterprises. It is one of the three sectors of a typical economy, with the other two being the private sector and the voluntary sector. The public sector includes services such as the military, police, infrastructure (public roads, bridges, tunnels, water supply, sewers, electrical grids, telecommunications, etc.), public transit, public education, along with health care and those working for the government itself, such as elected officials.

Definition

The public sector is a large part of the economy, responsible for providing various services and utilities to the public. It is funded by taxpayers and managed by the government. The public sector's activities are mainly to maintain order, justice, and public administration.

Public Services

Public services, also known as services provided by the government to its citizens, can be either direct (through public sector employment) or indirect (through funds provided to private sector businesses). They include services like the police, military, urban planning, and public transportation.

Public Enterprises

Public enterprises are government-owned corporations that operate in the commercial sector. They can be fully or partially owned by the government. Examples include utilities like water and electricity, as well as industries like mining and transport.

Comparison with Private Sector

The private sector consists of businesses or corporations owned by individuals or groups of individuals. The main difference between the public and private sectors is the control and ownership of resources. In the public sector, the government has control, while in the private sector, individuals and businesses have control.

Challenges

The public sector faces several challenges, including bureaucracy, inefficiency, and corruption. These challenges can hinder the sector's ability to provide quality services to the public.

See Also


Stub icon
   This article is a economics-related stub. You can help WikiMD by expanding it!




Stub icon
   This article is a government-related stub. You can help WikiMD by expanding it!




```

Public sector

Navigation: Wellness - Encyclopedia - Health topics - Disease Index‏‎ - Drugs - World Directory - Gray's Anatomy - Keto diet - Recipes

Transform your life with W8MD's budget GLP-1 injections from $125.

W8mdlogo.png
W8MD weight loss doctors team

W8MD offers a medical weight loss program to lose weight in Philadelphia. Our physician-supervised medical weight loss provides:

NYC weight loss doctor appointments

Start your NYC weight loss journey today at our NYC medical weight loss and Philadelphia medical weight loss clinics.

Linkedin_Shiny_Icon Facebook_Shiny_Icon YouTube_icon_(2011-2013) Google plus


Advertise on WikiMD

WikiMD's Wellness Encyclopedia

Let Food Be Thy Medicine
Medicine Thy Food - Hippocrates

Medical Disclaimer: WikiMD is not a substitute for professional medical advice. The information on WikiMD is provided as an information resource only, may be incorrect, outdated or misleading, and is not to be used or relied on for any diagnostic or treatment purposes. Please consult your health care provider before making any healthcare decisions or for guidance about a specific medical condition. WikiMD expressly disclaims responsibility, and shall have no liability, for any damages, loss, injury, or liability whatsoever suffered as a result of your reliance on the information contained in this site. By visiting this site you agree to the foregoing terms and conditions, which may from time to time be changed or supplemented by WikiMD. If you do not agree to the foregoing terms and conditions, you should not enter or use this site. See full disclaimer.
Credits:Most images are courtesy of Wikimedia commons, and templates, categories Wikipedia, licensed under CC BY SA or similar.

Contributors: Prab R. Tumpati, MD