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

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Example Sentences

See Examples For:

private sector

Overall, the IMF said that the private sector appears to have so far adjusted well to the geopolitical shocks from the war.

From MarketWatch ● Oct. 13, 2026

But some fault will lie with the private sector for not safeguarding its defenses.

From The Wall Street Journal ● Oct. 12, 2026

A new deal with the drivers' union also helped - something an insider at the former private sector operator claimed to me their company had not been permitted to do.

From BBC ● Oct. 12, 2026

With public finances under strain, Schomaker said COP17 in Armenia would focus on ways to better engage the private sector in helping close the $700-billion annual funding shortfall for the 2030 nature protection goals.

From Barron's ● Oct. 12, 2026

He’d carried the load admirably, inspiring people like Barack and Valerie to move out of the private sector and into community work and public service.

From "Becoming" by Michelle Obama

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