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private sector

noun
1.
the area of the nation's economy under private rather than governmental control.
Compare public sector.
Origin
1950-1955
1950-55
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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British Dictionary definitions for private-sector

private sector

noun
1.
the part of a country's economy that consists of privately owned enterprises Compare public sector
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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private-sector in Culture

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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