Difference Between Private Sector And Public Sector

The private sector is comprised of companies run by individuals for a profit; some examples of this are sole traders- exclusive owners of a business, a limited company, a partnership or a public limited company. The public sector is where all of the government run services fall into, like the NHS or policing services. The voluntary sector are non-profit, non-governmental charities that benefit the public, examples of this are charities such as the NSPCC and Age Concern.

Their aims are to aid people who are applicable to use their service. They are non-profit and are Governmental, which means that the Government funds the NHS by using a portion tax-payers’ money.

A public service is a service that is funded by the government or by donations to help the government deliver its actions as effectively as possible. There are two types of public services they are statutory and non-statutory services. The difference between a statutory and a non-statutory service is that a statutory service is paid by tax payers, funded by the government and is set up by the law. They are usually uniformed and highly professional an example would be the Emergency Services and the Armed Forces. A non-statutory service is a service that doesn’t receive a lot of government funding so they are paid by members or the public as they are registered as charities, they are set up by individuals and not parliament and unlike

A private sector is usually composed of organisations which are privately owned and not part of a government; whereas a public sector is composed of organisations that are owned by the government and voluntary sectors are composed of individuals of who seek help in charitable activities. Private sectors include corporations such as partnerships and charities, like the voluntary sectors, and the public sectors include corporations such as federal, provincial, state or municipal governments. An example of a private sector is a retail store or credit unions, and example of a public sector is an educational or

A public sector business is a business that usually composed of organisations that are owned and operated by the government (PrivacySense2015).

Businesses and industries that are not owned or controlled by the Government. Private Sector organisations operate privately to make a profit with income generated from the sale of their products or services. Although many private sector firms are owned and controlled by individuals, many are owned by groups of people; for example, companies may be owned by shareholders, who have invested in that company.

Public administration is just like any other administration that is for the public’s interest and its main purpose serves as a government policy. It is a course of action that is taken through government party into a policy. Public administration is the management of public programs. It is considered a public affair that works mainly with the executive branch and is part of governmental functions.

The types of services they provide is primary, secondary and tertiary. It is a statutory type of care.

By comparison, not for profit organisations, also known as social enterprises (which includes Green Pastures), provide services to local communities. They have to register with the Charities Commission and receive a charity number to trade by. They may have a financial target in the form of making money, but then put this money back into the community to support good causes. All housing organisations in England are known as Registered Providers and are regulated by the Tenant Services Authority. Social enterprises are any organisation that has business objectives other than making a profit.

Non-government agencies have a specific role in our communities, and comprise of either individual organisations with specific issues, (eg. Heart disease, asthma) or whole populations, (eg. Aboriginals, people with HIV/AIDS). They offer specific knowledge, experience and access to individuals in need of assistance. These services are contracted out by the Government, but are funded both privately and by the government also. (Public Health in Australia 1998)

Public policies are all of those things a government decides to do that ranges from taxation, defense, education, crime, health care, transportation, environment, civil rights, and working conditions.

The Private Sector is an important entity within the Homeland Security Enterprise. The term “enterprise” includes all Department Homeland Security’s (DHS) partners and the 22 different federal agencies to work together with the same common goal (Department of Homeland Security, 2015). One of DHS’s partners is the Private Sector. The Private Sector is considered a single, overarching entity that is comingled within the society (APUS Week 1 Lesson). In simple terms, the private sector is entities that are not part of the public entity or the government and operates to make profit. Unlike the public sector (federal, state, or local government agencies), who operate for the citizens and does not operate for profit. As a single and overarching, entity, the private sector’s roles and responsibilities include: planning, critical infrastructure, partnerships, science and technology, and resilience (APUS Week 1 Lesson).

Voluntary stakeholders are those that engage with an organisation of their own choice and free will. They are ultimately (in the long term) able to detach and discontinue their stakeholding if they choose. Involuntary stakeholders have their stakeholding imposed and are unable to detach or withdraw of their own volition.

Public sector refers to the part of the economy concerned with providing essential government services. The public sector includes such services as a police, military public roads, primary education and healthcare for the poor.

In Australia, as in much of the developed world, there are differences between public and private accountancy. The private sector is typically composed of organizations that are non-governmental and privately owned; corporations (both profit and non-profit), partnerships, charities, foundations, etc. The public sector, on