Yolando Shirley- 1708176
The Public Sector
The public sector is the part of the economy that is controlled and funded by the
government. The ultimate goal of the public sector is to act in the main interests of the
public and provide public services. For this reason, the public sector offers services
such as healthcare, water management, waste management, infrastructure, and
education. Moreover, organizations in the public sector do not seek to generate a
profit. The main aim is to serve the public. Some organizations of the public sector
are Postal Corporation of Jamaica, Petroleum Corporation of Jamaica, Electoral
Sector Enterprise Team among others, ("What is Public Sector | IGI Global", n.d.).
The nature of the public sector is often misunderstood. Public services are not
necessary because of market failure, or economic downturn, but for the survival of
citizens. These services exist for policy reasons and provided to benefit the public.
They operate differently from the private sector, (Spicker, 2009). As it relates to the
private sector, it is comprised of individuals and companies that mainly focus on
making a profit, (Brock, 2020).This sector includes all for-profit organizations that are
not owned by the government. Therefore, the major difference between the public and
the private sector is that the public sector focuses on the interests of the general public
while the private sector has a motive for profit.
In conclusion, the nature of the public and private sectors differs in that the public
sector is controlled by the government with an aim to serve the public. The private
sector, on the other hand, is the part of the economy that is owned by individuals and
organizations and operates to make a profit. Hence, all companies and corporations
that are controlled by the government are apart of the public sector and the others
which exclude the involvement of the government are that of the private sector.
Yolando Shirley- 1708176
References
Brock, T. (2020). Private Sector Definition. Retrieved from,
https://www.investopedia.com/terms/p/private-sector.asp#:~:text=The%20private
%20sector%20is%20the,or%20operated%20by%20the%20government.
Spicker, P. (2009). The Nature of a Public Service. International Journal Of Public
Administration, 32(11), 970-991. doi: 10.1080/01900690903050927
What is Public Sector | IGI Global. Retrieved from,
https://www.igi-global.com/dictionary/public-sector/24088