private sector

American  

noun

1. the area of the nation's economy under private rather than governmental control.

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private sector British  

noun

1. the part of a country's economy that consists of privately owned enterprises Compare public sector

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private sector Cultural  

1. 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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Etymology

Origin of private sector

First recorded in 1950–55

Example Sentences

Forbes added that the government intended to return the business to the private sector "when the time is right".

From BBC

But she argues: "What patients are paying for in the private sector is access to see the person they want and time for that consultation."

From BBC

There are far greater capacities in civil society and the private sector than in 1945, "and we need to be able to harness that: we don't have to do everything in the UN."

From Barron's

"We are committed to working closely with partners across the public and private sector including Police Scotland to ensure it continues to be a welcoming and attractive place for everyone."

From BBC

On Wednesday, however, the US Treasury said it would ease some small private sector transactions, including oil sales, to "support the Cuban people, for commercial and humanitarian use".

From BBC