Concept
Public sector
Overview
The public sector, also called the state sector, is the part of the economy composed of both public services and public enterprises. Public sectors include the public goods and governmental services such as the military, law enforcement, public infrastructure, public transit, public education, along with public health care and those working for the government itself, such as elected officials. The public sector might provide services that a non-payer cannot be excluded from (such as street lighting), services which benefit all of society rather than just the individual who uses the service. Public enterprises, or state-owned enterprises, are self-financing commercial enterprises that are under public ownership which provide various private goods and services for sale and usually operate on a commercial basis.
Organizations that are not part of the public sector are either part of the private sector or voluntary sector. The private sector is composed of the economic sectors that are intended to earn a profit for the owners of the enterprise. The voluntary, civic, or social sector concerns a diverse array of non-profit organizations emphasizing civil society. In the United Kingdom, the term "wider public sector" is often used, referring to public sector organizations outside central government.
Overview adapted from Wikipedia (CC BY-SA 4.0; see the article history for authors).
Possible passages
Found by search and not yet checked by a person; they may only mention the idea in passing.
Lastly, when it is employed in exchanging one description of the produce of foreign industry for another, or in what is termed the _carrying trade_, it then serves wholly for the support and encouragement of the industry of the two foreign nations, and adds only to the annual produce of the country the profits of the merchant--book 2, chap. v.
Adam Smith, An Inquiry Into the Nature and Causes of the Wealth of Nations
States what Public sector is.
1. The subjects of every state ought to contribute towards the support of the government, as nearly as possible, in proportion to their respective abilities; that is, in proportion to the revenue which they respectively enjoy under the protection of the state. The expense of government to the individuals of a great nation, is like the expense of management to the joint tenants of a great estate, who are all obliged…
Adam Smith, An Inquiry into the Nature and Causes of the Wealth of Nations
States what Public sector is.
What is meant by “representative” government is that the public is definitely organized with the intent to secure this dominance. The dual capacity of every officer of the public leads to conflict in individuals between their genuinely political aims and acts and those which they possess in their non-political rôles. When the public adopts special measures to see to it that the conflict is minimized and that the…
John Dewey, The public and its problems
States what Public sector is.
Related ideas
- Austrian school of economics
- Public service
- Trade union
- Law enforcement
- Murray Rothbard
- State-owned enterprise
- Tax
- Commerce
- State school
- Military
Opposing perspectives
Place in the tradition
Part of Value (ethics).