The assertion that over time the size of the public sector will increase as a proportion of the economy, due to its relative labour intensity and inability to substitute capital for labor.
An economics term referring to a firm founded and run by the state, often to engage in activities not attractive to private entrepreneurs or those involving natural monopolies.
Ownership of enterprises by the government, or by a government-controlled body.
An explanation of the public sector, including its scope and boundaries within the economy.
Part of the economy involving companies working for private profit
A measurement tool that scores countries based on perceived corruption in the public sector.
The dispersal of the power and duty to take decisions away from the center and towards other bodies.
The use of a local authority's own employees for certain types of work.
Understanding the concept of government production in economics and its significance within the national income.
A comprehensive overview and analysis of the term 'government,' encompassing various forms and levels within different economic contexts.
An analysis of non-profit organizations, their meaning, functions, and historical significance.
An exploration of the term public procurement, its definition, significance, and various frameworks within economic theory.
An exploration of the mechanisms and implications related to the repayment of public sector debt
The amount the UK government has to borrow each year when the government’s expenditure exceeds its income.
A comprehensive examination of the term 'sector' within the domain of economics, covering various delineations and their implications.
A company whose shares are owned by the state, often in the prelude to privatization.
An observation by Adolph Wagner on the increasing share of the public sector in GDP over time
