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

Example Sentences

That deadline has raised eyebrows among experts, in part because Washington is relying on the private sector's technological headway.

From Barron's

In France, the private sector registered its strongest contraction since October at 48.3 points.

From Barron's

He has also spearheaded efforts to reform a woefully slow acquisition system, minimize stifling regulations, and take advantage of an innovative private sector.

From The Wall Street Journal

This plan includes actions for a range of stakeholders across the public and private sector including Translink, NI Water, local councils, academia, the community and voluntary sector and businesses.

From BBC

“Effectively there’s zero net job creation in the private sector,” Powell said Wednesday after the Fed voted to leave a key borrowing rate unchanged.

From MarketWatch