what is meant by public sector?
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The part of an economy that is controlled by the state.
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Explanation:
The Public Sector is usually comprised of organizations that are owned and operated by the government and exist to provide services for its citizens. Services like health care, national defense, public education, water management, and similar are typically provided by the public sector. Similar to the voluntary sector, organizations in the public sector do not seek to generate a profit.
Funding for public services is usually raised through a variety of methods, including taxes, fees, and through financial transfers from other levels of government (e.g. from a federal to a provincial or state government).
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