- the area of the nation's economy under private rather than governmental control.
Compare public sector.
Origin of private sector
First recorded in 1950–55
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018
Examples from the Web for private sector
Ironically, the private-sector unions have also suffered politically from the sins of the public sector.
Public-sector unions grew rapidly, but private-sector unions shrank.
But that cannot happen when private-sector workers experience guilt-by-association with unpopular public-sector union actions.
In May 2013, the first private-sector green bond was issued by PNE Wind, a German company that builds and runs wind farms.The Bond Market Goes Green
The Daily Beast
May 27, 2014
A few million people is a lot of people, but there are 150 million other Americans with private-sector insurance.It’s Time for Obama to Go on Offense on Health Care
November 19, 2013
- the part of a country's economy that consists of privately owned enterprisesCompare public sector
The New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.