Definition of private enterprise in English:

private enterprise

Line breaks: pri|vate en¦ter|prise

noun

[mass noun]
  • Business or industry that is managed by independent companies or private individuals rather than being controlled by the state: a boom in private enterprise
    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.

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Pronunciation: māj
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