Private sector

The private sector of a nation's economy consists of those entities which are not controlled by the state apparatus, i.e., any voluntary entities such as associations, non-governmental organizations, sports clubs, families, companies and churches.

Usually, socialists seek to create smaller private sectors; while capitalists seek larger private sectors.

See also

• public sector
• privatization
• nationalisation
• Non-governmental organization
• State-owned enterprise
• VEB.