private enterprise

American  

noun

1. free enterprise.

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private enterprise British  

noun

1. economic activity undertaken by private individuals or organizations under private ownership Compare public enterprise

2. another name for capitalism

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private enterprise Cultural  

1. Business carried on for profit and not owned by the government; also, the system that discourages public ownership of business; the same as free enterprise. (See private sector.)

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Etymology

Origin of private enterprise

First recorded in 1835–45

Example Sentences

See Examples For:

private enterprise

In both arenas, the breakthroughs come not from a state ministry but from the inventiveness of private enterprise.

From The Wall Street Journal ● Jul. 3, 2026

With the results prior to Monsanto, it seemed like the movement that was supposed to free private enterprise from regulatory overreach was also weakening the shield that regulatory power provided.

From Slate ● Jun. 25, 2026

The reforms set out by Prime Minister Manuel Marrero go much further in promoting private enterprise.

From Barron's ● Jun. 19, 2026

He argues that this pressure is necessary to force regime change and a flowering of private enterprise.

From Salon ● Apr. 11, 2026

In June 1956, in the monthly journal Liberation, I pointed out that the charter endorsed private enterprise and would allow capitalism to flourish among Africans for the first time.

From "Long Walk to Freedom" by Nelson Mandela