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The Private Sector is the Capitalist part of an economy. The private sector consists of businesses and the like that are privately owned. The Public sector is what the state owns. Some definitions include charities in the private sector. [1] Other definitions include a third sector for charities, the voluntary sector. [2] [3]

We need a private sector, even Scandinavia and Communist China have a private sector. Still, the private sector shouldn't be too large (the voluntary sector is OK as a rule).

We need laws to prevent or reduce selfish, harmful behaviour from big and small businesses.

See also

References

  1. The Difference Between the Private and Public Sector
  2. voluntary sector
  3. private sector
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