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- Dictionaryprivate enterprise/ˌprʌɪvɪt ˈɛntəprʌɪz/
noun
- 1. business or industry that is managed by independent companies or private individuals rather than being controlled by the state: "a boom in private enterprise"
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PRIVATE ENTERPRISE definition: 1. industry and businesses owned by ordinary people, not by the government 2. industry and…. Learn more.
Jan 29, 2024 · Private Enterprise Meaning. The term "private enterprise" is typically in reference to either a privately owned and operated entity, or an economic system. When referred to as an entity, a private enterprise is a business that is not controlled or owned by the government.
What is Private Enterprise? The private sector or enterprise are the businesses that are owned by a private group or an individual. Different types of businesses under private enterprises are a partnership, sole proprietorship, cooperative, and company.
Oct 13, 2024 · noun. : free enterprise. Examples of private enterprise in a Sentence. Recent Examples on the Web. These examples are automatically compiled from online sources to illustrate current usage. Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
Definition: A Private Enterprise is an entity that operates under the ownership and management of individuals that freely decided to develop a given business idea. Its freedom from government intervention is what makes it different from a government institution.
Sep 7, 2024 · The private sector is the segment of a national economy that is owned, controlled, and managed by private individuals or enterprises. The private sector has a goal of making money and...
a business owned and controlled independently and not by government, or the system that encourages such businesses. (Definition of private enterprise from the Cambridge Academic Content Dictionary © Cambridge University Press) private enterprise | Business English. noun. ECONOMICS uk us.
Private enterprise is industry and business which is owned by individual people or commercial companies, and not by the government or an official organization.
Definition of private enterprise noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
The earliest known use of the noun private enterprise is in the late 1700s. OED's earliest evidence for private enterprise is from 1789, in the writing of Jedidiah Morse, geographer and clergyman. private enterprise is formed within English, by compounding.