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private sector

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noun
  1. the area of the nation's economy under private rather than governmental control.
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Compare public sector.

Origin of private sector

First recorded in 1950–55
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018

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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 enterprisesCompare public sector
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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

private sector in Culture

private sector

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.

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The New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.