private sector

noun
the area of the nation's economy under private rather than governmental control.
Compare public sector.


Origin:
1950–55

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Collins
World English Dictionary
private sector
 
n
Compare public sector the part of a country's economy that consists of privately owned enterprises

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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American Heritage
Cultural Dictionary

private sector definition


That part of an economy in which goods and services are produced by individuals and companies as opposed to the government, which controls the public sector.

The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Example sentences
Private sector activity is typically small-scale workshops, farming, and
  services.
Tuna fishing and tuna processing plants are the backbone of the private sector,
  with canned tuna the primary export.
Much of the innovation reshaping our world comes from the private sector.
Stakeholders from all levels of government and the private sector weigh in.
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