Definitions Of The Public Sector And Public Sectors

Question 1.

In any economy, there are two typical businesses, which are the public sector and the private sector.

The Public Sector also known as the government sector is a part of the economy that’s main goal is to provide basic goods and services. It is usually controlled by the state consisting of governments and their agencies. The public sector is always the largest sector in any economy. In most countries the public sector includes services such as police, military and healthcare. The public sector might provide services which benefit all of society such as public transportation and services that encourage equal opportunity. Examples of public sectors in Brunei are the Ministry of Health and The Ministry of Education.

The Private Sector is a part of the economy that’s aims and goals are different depending on the

A) Job Production

Usually referred to as jobbing production or unique production .It is the production of one-off or singe units of production that are custom products. It can be for simple and small jobs as well as complex/high tech productions. Job production is found in manufacturing and in the service industries due to the number of units produced is small.

Job production is, in essence, manufacturing on a contract basis. Each job is usually different from each other, they require general purpose equipment and machinery, varied work layouts and so require different planning, processing and controlling. The production process tends to be labor-intensive where the workforce is usually a multi-skilled and adaptable workforce who specialized in specific tasks. Creative decisions and adaptations need to be made about how to use general purpose equipment to produce varied products and purchasing lead times may be slow because of the need to purchase raw materials from unfamiliar suppliers and getting the correct specifications. As a result, job production can be a very expensive