||This article includes a list of references, related reading or external links, but its sources remain unclear because it lacks inline citations. (June 2011)|
|Primary sector: raw materials
Secondary sector: manufacturing
Tertiary sector: services
|Colin Clark · Jean Fourastié|
|Quaternary sector · Quinary sector|
|Sectors by ownership|
|Business sector · Private sector · Public sector · Voluntary sector|
The public sector, sometimes referred to as the state sector or the government sector, is a part of the state that deals with either the production, ownership, sale, provision, delivery and allocation of goods and services by and for the government or its citizens, whether national, regional or local/municipal.
The organization of the public sector (public ownership) can take several forms, including:
A borderline form is as follows**
In spite of their name, public companies are not part of the public sector; they are a particular kind of private sector company that can offer their shares for sale to the general public, i.e. to anyone willing to buy them (as opposed to a privately owned company, shares of which can be sold to someone only if the owner of the shares agrees to sell them).
The role of public sectors are as follows:
The role and scope of the public sector and state sector are often the biggest distinction regarding the economic positions of socialist, liberal and libertarian political philosophy. In general, socialists favor a large state sector consisting of state projects and enterprises, at least in the commanding heights or fundamental sectors of the economy (although some socialists favor a large cooperative sector instead). Social democrats tend to favor a medium-sized public sector that is limited to the provision of universal programs and public services. Economic libertarians and minarchists favor a larger private sector and small public sector with the state being relegated to protecting property rights, creating and enforcing laws and settling disputes, a "night watchman state".
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