What serves as the engine of the private sector?
Answer
Profitability
The engine of the private sector is profitability, where organizations exist to sell goods or services at a price that exceeds their cost of operation, creating value for the owners.
Related Questions
What is the defining characteristic separating the private sector from the public sector?What serves as the engine of the private sector?Which of the following is a primary funding source for private sector entities?What concept often characterizes private sector employment law in many states regarding termination?Which type of retirement plan is increasingly rare in the private sector but often associated with the public sector?How is career advancement generally described in the private sector compared to the public sector?Which qualities are often emphasized in private sector organizational culture?What legislation primarily governs labor relations for most private-sector employees?How are employees of a for-profit engineering firm hired by the Department of Defense classified?What is a direct consequence for employment stability if a private company is not financially successful?