Share This Article:

Economic Definition of public sector. Defined.

Offline Version: PDF

Term public sector Definition: A fancy-schmancy term for government, which for the United States includes all three levels--federal, state, and local. The term public sector is most useful as a contrast to the term private sector, which includes households and businesses.

 

« public goods | public utilities »

Permalink: http://glossary.econguru.com/economic-term/public+sector

Alphabetical Reference to Over 2,000 Economic Terms