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Private Sector

Names: Sabrina Celis

Ignacio Dumenes

Sigrid Valenzuela

Matias Vergara

Dilan Vidal

Grade: 3º E

Date: 10 October, 2017

G

5

What is the private sector?

A

Private sector refers to the segment of the economy that is not directly controlled or operated by agencies and organizations administered by the government.

The private sector is made up of companies that operate for profit. The private sector encompasses all for-profit enterprises

S

Difference between the private sector and the public sector

B

K

N

N

The public sector is the part of the economy where goods and services are provided by the government or local authorities.

The private sector is made up of privately owned and privately owned business

Private sector advantages

D

e

· The strength of the private sector is that it generally has salaries that are much higher than the public, although of course, this condition depends on the position of each.

· Taking into account with the aforementioned is that it is much easier to promote and get loose increases.

· Usually the facilities are much better in this sector, much more modern, and offer their employees more amenities.

4

T

Salary

T

According to the 2016 Supplementary Income Survey published by INE, the average monthly salary of public officials reaches $ 756,435, while in the private sector it reaches $ 537,586. The gap between the public and private sector exceeds the average 40%.

h

e

Example of the private sector as companies

C

-Microsoft

- McDonalds

-Coca Cola

- Private companies (Small and medium)

- Transnational

V

V

Examples of public sector:

- Defending

- Education

- Health

Transfer rents:

- Unemployment benefit

- Retirement and invalidity pensions

Public sector:

Private sector:

What is the main objective?

P

Private companies are governed by economic benefit objectives and compete to outperform other companies offering similar goods and services.

Z

Chef, Mechanic, Sportsperson, Electrician, Waiter, Dog trailer, Plumber, Collectibles dealer, etc

E

W

X

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