Business or industry that is managed by independent companies or private individuals rather than by the state.
More example sentences
- Thus the second relevant discursive context is one of privatization and private enterprise.
- When that share is diminished by private enterprise the business is, on the whole, far more laudable than not.
- Conservatives believe in freedom, in a smaller state, in the unlimited potential of individuals and private enterprise.
More definitions of private enterpriseDefinition of private enterprise in:
- The British & World English dictionary