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Private sector
PRIVATE SECTOR

Definition: (usually - the private sector) The part of the economy of a country that is not under the direct control of the government.
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* All nine elements would be in.

* This is about the 'collective'.


1. Objectives are clearly stated and known by members. That is, purposes are specific and identifiable.

2. Respects and operates within the confines of conventional, labour and industrial laws, honouring MOUs, and agreements, respecting arbitration, etc.

3. Gives full support and collaborates with the public sector as a partner-in-progress. That is, actively engaged in private-public partnerships.

4. Administered and run properly, with a sub-sector by sub-sector arrangement or structure to achieve group goal(s).

5. Not corrupt and never makes consistent losses. (Will mostly, at the least, break even and be practitioners of best practices.)

6. Independent in its production, delivery, investment and decision-making processes and procedures.

7. Safe, secured and adequately positioned to transact regional, international and global trade/business.

8. Efficient and effective in its activities, functions and operations, under all lawful conditions or circumstances.

9. Drives the economy (to emphasize). That is, will be the catalyst for development, industrialization and all.
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O-R-G-A-N-I-S-E-D.

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