is the (private sector) another word for tax payers or do they meen something els?
i was looking up universal health care and they sayed its payed mostly by private sector and i was just wondering if that meens tax payers or something els???
- Bob BLv 76 years agoFavorite Answer
It technically just means anything other than the government. In practice, it most commonly refers to corporations.
In the USA, for instance, the government does not pay for most people's healthcare, so it is largely paid for by the private sector. In this case, that mainly means health insurance companies, but it could mean anything.
- Douglas SLv 66 years ago
It's a term with no meaning, so it can mean anything.
"Private Sector" is used to describe funds that do not originate from within the government.
Whether those funds come from large corporations, charitable donations, or individuals is up to the person writing the story.
Generally speaking, private sector funds are used to ambiguously define large amounts of money from very rich people or corporations. The new wing of the hospital was built with private sector funds. The Mafia might have lent the money, and set the repayment rate. You don't know, it was from the 'private sector'.
See how that works?
- Anonymous6 years ago
In other words, people that work for a living and produce a product that people want to purchase.
Unlike government/public sector jobs that don't produce anything except higher wages for themselves1