private-sector

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.
Cite This Source Link To private-sector
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
Cite This Source
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.
Cite This Source
Copyright © 2014 Dictionary.com, LLC. All rights reserved.
  • Please Login or Sign Up to use the Recent Searches feature