public enterprise

World English Dictionary
public enterprise
 
n
Compare private enterprise economic activity by governmental organizations

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Main Entry:  public enterprise1
Part of Speech:  n
Definition:  any activity done in public
Example:  Celebrities conduct their private lives as public enterprise.
Etymology:  1643
Main Entry:  public enterprise2
Part of Speech:  n
Definition:  any economic activity carried out by the government; also, a business or industry controlled by the government
Example:  Utilities (gas, electricity, etc.), broadcasting, telecommunications, and certain forms of transport are examples of public enterprise.
Etymology:  1849
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Encyclopedia Britannica
Encyclopedia

public enterprise

a business organization wholly or partly owned by the state and controlled through a public authority. Some public enterprises are placed under public ownership because, for social reasons, it is thought the service or product should be provided by a state monopoly. Utilities (gas, electricity, etc.), broadcasting, telecommunications, and certain forms of transport are examples of this kind of public enterprise.

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Encyclopedia Britannica, 2008. Encyclopedia Britannica Online.
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