private sector

American  

noun

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

---

private sector British  

noun

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

---

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.

---

Etymology

Origin of private sector

First recorded in 1950–55

Example Sentences

“The data will also confirm resilient services activities, supported by trade-related and modern services sectors, while the construction boom was intact amid support from public and private sector projects,” they said.

From The Wall Street Journal

On Wednesday, payroll processor ADP said that the private sector added only 22,000 jobs in January, less than half of what economists surveyed by The Wall Street Journal had expected.

From The Wall Street Journal

Payroll processing group ADP’s reading of private sector hiring showed a net gain of just 22,000 last month, with nearly all of the new roles concentrated in healthcare and education.

From Barron's

He was there to unveil LA Rises, a signature initiative under which the private sector and philanthropists could unite to help Southern California rebuild and recover.

From Los Angeles Times

January’s private-payrolls growth suggests a deceleration from the 37,000 jobs that the private sector added in December, according to the Labor Department’s official figures.

From The Wall Street Journal