private sector
noun
the area of the nation's economy under private rather than governmental control.
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Compare public sector.
Origin of private sector
First recorded in 1950–55
Words nearby private sector
Dictionary.com Unabridged
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2021
Example sentences from the Web for private sector
British Dictionary definitions for private sector
private sector
noun
the part of a country's economy that consists of privately owned enterprisesCompare public sector
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
Cultural definitions for private sector
private sector
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.
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.