Public Sector

The public sector refers to the part of the economy that is controlled and operated by government entities at various levels, including local, regional, and national authorities. This sector encompasses a wide range of services and functions intended to serve the public interest, including education, healthcare, public transportation, law enforcement, and social services. The primary goal of the public sector is to provide services and goods that benefit society as a whole, rather than to generate profits. Funding for public sector activities primarily comes from taxation and public revenues. Public sector organizations can include government agencies, publicly funded schools and universities, military organizations, and state-owned enterprises. The public sector plays a crucial role in ensuring social welfare, economic stability, and protection of rights and freedoms in a community.