Contents 1 Employment 2 Diversification 3 Regulation 4 See also 5 References

Employment[edit] The private sector employs most of the workforce in some countries. In private sector, activities are guided by the motive to earn money.

Diversification[edit] In free economy countries, such as the United States of America, the private sector is wider, and places fewer constraints on firms. In countries with more government authority, such as China, the public sector makes up most of the economy.[1]

Regulation[edit] States legally regulate the private sector. Businesses operating within a country must comply with the laws in that country. In some cases, usually involving multinational corporations that can pick and choose their suppliers and locations based on their perception of the regulatory environment, local state regulations have resulted in uneven practices within one company. For example, workers in one country may benefit from strong labour unions, while workers in another country have very weak laws supporting labour unions, even though they work for the same employer. In some cases, industries and individual businesses choose to self-regulate by applying higher standards for dealing with their workers, customers, or the environment than the minimum that is legally required of them.[2] There can be negative effects from the private sector. In the early 1980s, the Corrections Corporation of America pioneered the idea of running prisons for a profit. Today, corporate-run prisons hold eight percent of America’s inmates. Since it is from the private sector, their main priority isn’t rehabilitation, but profit. This has resulted in many human rights violations across the United States. [3]

See also[edit] Economics portal Company law Free enterprise Private enterprise Private law Public economics

References[edit] ^ Rouse, Margaret (August 2013). "What is private sector? - Definition from". Tech Target. Retrieved July 16, 2017.  ^ Haufler, Virginia (2013-01-25). A Public Role for the Private Sector: Industry Self-Regulation in a Global Economy. Carnegie Endowment. ISBN 9780870033377.  ^ Bauer, Shane. "Private prisons are shrouded in secrecy. I took a job as a guard to get inside-then things got crazy."Mother Jones. N.p., 06 June 2017. Web. 10 June 2017. Retrieved from "" Categories: IndustryEconomic sectorsCapitalism

Navigation menu Personal tools Not logged inTalkContributionsCreate accountLog in Namespaces ArticleTalk Variants Views ReadEditView history More Search Navigation Main pageContentsFeatured contentCurrent eventsRandom articleDonate to WikipediaWikipedia store Interaction HelpAbout WikipediaCommunity portalRecent changesContact page Tools What links hereRelated changesUpload fileSpecial pagesPermanent linkPage informationWikidata itemCite this page Print/export Create a bookDownload as PDFPrintable version Languages العربيةБългарскиCatalàDanskEestiEspañolEuskaraفارسیFrançaisBahasa IndonesiaKiswahiliLivvinkarjalaمصرىNorskPolskiPortuguêsРусскийСрпски / srpskiSuomiSvenska Edit links This page was last edited on 19 February 2018, at 13:02. Text is available under the Creative Commons Attribution-ShareAlike License; additional terms may apply. By using this site, you agree to the Terms of Use and Privacy Policy. Wikipedia® is a registered trademark of the Wikimedia Foundation, Inc., a non-profit organization. Privacy policy About Wikipedia Disclaimers Contact Wikipedia Developers Cookie statement Mobile view (window.RLQ=window.RLQ||[]).push(function(){mw.config.set({"wgPageParseReport":{"limitreport":{"cputime":"0.084","walltime":"0.115","ppvisitednodes":{"value":247,"limit":1000000},"ppgeneratednodes":{"value":0,"limit":1500000},"postexpandincludesize":{"value":11342,"limit":2097152},"templateargumentsize":{"value":78,"limit":2097152},"expansiondepth":{"value":7,"limit":40},"expensivefunctioncount":{"value":0,"limit":500},"entityaccesscount":{"value":0,"limit":400},"timingprofile":["100.00% 98.360 1 -total"," 56.14% 55.218 1 Template:Reflist"," 38.87% 38.236 1 Template:Cite_web"," 25.83% 25.409 1 Template:Economic_sectors"," 23.89% 23.503 1 Template:Sidebar"," 15.69% 15.434 1 Template:Portal"," 5.36% 5.274 1 Template:Cite_book"," 1.70% 1.675 1 Template:Main_other"," 1.27% 1.249 5 Template:·"]},"scribunto":{"limitreport-timeusage":{"value":"0.039","limit":"10.000"},"limitreport-memusage":{"value":2202250,"limit":52428800}},"cachereport":{"origin":"mw1342","timestamp":"20180219130207","ttl":1900800,"transientcontent":false}}});});(window.RLQ=window.RLQ||[]).push(function(){mw.config.set({"wgBackendResponseTime":102,"wgHostname":"mw1254"});});

Private_sector - Photos and All Basic Informations

Private_sector More Links

Economic SectorThree-sector TheoryPrimary Sector Of The EconomySecondary Sector Of The EconomyTertiary Sector Of The EconomyQuaternary Sector Of The EconomyAllan George Barnard FisherColin Clark (economist)Jean FourastiéBusiness SectorPublic SectorVoluntary SectorTemplate:Economic SectorsTemplate Talk:Economic SectorsProfit (accounting)State (polity)United StatesChinaBusinessMultinational CorporationLabour UnionsPortal:EconomicsCompany LawFree EnterprisePrivate EnterprisePrivate LawPublic EconomicsTech TargetInternational Standard Book NumberSpecial:BookSources/9780870033377Help:CategoryCategory:IndustryCategory:Economic SectorsCategory:CapitalismDiscussion About Edits From This IP Address [n]A List Of Edits Made From This IP Address [y]View The Content Page [c]Discussion About The Content Page [t]Edit This Page [e]Visit The Main Page [z]Guides To Browsing WikipediaFeatured Content – The Best Of WikipediaFind Background Information On Current EventsLoad A Random Article [x]Guidance On How To Use And Edit WikipediaFind Out About WikipediaAbout The Project, What You Can Do, Where To Find ThingsA List Of Recent Changes In The Wiki [r]List Of All English Wikipedia Pages Containing Links To This Page [j]Recent Changes In Pages Linked From This Page [k]Upload Files [u]A List Of All Special Pages [q]Wikipedia:AboutWikipedia:General Disclaimer

view link view link view link view link view link