PRIVATE
SECTOR
- Private
sector organization , are established to make profit for shareholders
- Employees in the private sector
may seek to increase their economic gains at the expense of the shareholder's
profit
- In the private sector the
right to strike is generally acknowledged
- Employment in the private
sector used to be considered relatively unstable
- It is mostly in this sector
that many employees are retrenched
- This sector is independent
of the state's funds because mostly it owned by rich foreign shareholders
- In other instances these shareholders
invest in a company which under the state's funding , as a result the company
becomes privatized