What are the characteristics of public sectors?

1. Public ownership: Public sectors are owned and operated by the government or other public authorities, rather than by private individuals or companies.

2. Public service orientation: Public sectors are primarily focused on providing services to the public, rather than generating profits for shareholders.

3. Accountability: Public sectors are accountable to the public and must operate transparently and in accordance with laws and regulations.

4. Funding: Public sectors are typically funded through taxes, government grants, and other public sources of revenue.

5. Regulation: Public sectors are subject to government oversight and regulation to ensure that they operate in the public interest.

6. Non-discrimination: Public sectors are expected to provide services to all members of society without discrimination based on factors such as race, gender, or socioeconomic status.

7. Social responsibility: Public sectors are often expected to prioritize social and environmental goals, in addition to economic considerations.

8. Stability: Public sectors are generally more stable than private sectors, as they are not subject to the same market forces and fluctuations.