What Are the Different Types of Businesses in the Public Sector?

The public sector refers to a government organization that has been granted public power by the state and uses the public interest of society as its organizational goal to manage various social and public affairs and provide legal services to all members of society. The government is the most important member of the public economic sector.

Public Sector

Human resources management in the public sector refers to the total administrative activities and processes of planning, hiring, appointing, using, paying, and guaranteeing the human resources to which the national administrative organization is the main object, in accordance with legal regulations. Human resources management in the public sector is based on brand-new modern human resources theory and management ideas.

1. A rational and realistic view of liberalism: Adam Smith believes that the government's role is mainly to maintain the stability of domestic order, maintain and establish public infrastructure and projects that are difficult to achieve by private individuals, and believe that a thrift-based government is Good government. These views indicate that the government function should be the function of the "night watchman".

2. An optimistic and ideal interventionist perspective: Keynes in the 1930s proposed the idea of comprehensively enhancing state intervention, which has influenced the mainstream of world economic policy for half a century. From the 1970s to the 1980s, the theory became more and more perfect, and the government's activities have been deeply involved in social life, covering all the people's life process from "cradle to grave." The basic view of this genre is that the market economy sometimes fails. In order to make up for market failures, the government needs to assume functions such as efficiency, fairness and stability, and prevent possible market failures. This school of theory sees the government as a omnipotent, benevolent institution, and thus achieves a Pareto optimality in correcting market failures.

3. Government Function Theory: Representatives of this theory include Koss, North, and Buchanan. They believe that neither the market nor the government is perfect and flawless. Both have failures. The key lies in the special status of the government. The government's intervention in the market should be the place where the market permanently fails instead of any market failure. At the same time, it is proposed that the use of the government to make up for the market failure should also use the market to overcome the government failure.