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public enterprise

noun
1.
economic activity by governmental organizations Compare private enterprise (sense 1)
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
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Contemporary definitions for public enterprise
noun

any economic activity carried out by the government; also, a business or industry controlled by the government

Examples

Utilities (gas, electricity, etc.), broadcasting, telecommunications, and certain forms of transport are examples of public enterprise.

Word Origin

1849

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