private sector

noun

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

private sector

noun

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

private sector

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.

Word History and Origins

Origin of private sector¹

First recorded in 1950–55

Example Sentences

Noboa, the son of a banana tycoon, also aims to reshape the state and economic model to give more space to the private sector.

Read more on Barron's

The reality is that, while private sector indicators show the jobs market has remained weak over the past month, the rate of inflation is expected to remain above the Fed’s target.

Read more on Barron's

Companies are counting on increased demand from governments and the private sector to generate revenue.

Read more on Barron's

While the government has said it wants to increase the role of the private sector to help reduce NHS waiting times, Unison says it has a number of concerns.

Read more on BBC

But the federal government is already bailing out the AI industry with regulatory changes and public funds that will protect companies in the event of a private sector pullback.

Read more on The Wall Street Journal