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

He describes the state-funded education system as being "far behind" what is available in the private sector.

From BBC

Inquiries into Homan’s previous work in the private sector and his business relationships are likely to ramp up following the reports of the $50,000 undercover sting.

From Salon

He thinks the expansion of partnerships with the private sector and with other countries in the region might help mitigate the impacts.

From BBC

“The current President is attempting to take a wrecking ball to public and private sector employees’ fundamental right to join a union,”McKinnor said in a statement.

From Los Angeles Times

She said that while she worked in public service throughout her career, her interactions with leaders in the private sector led her to believe that they would be “among the guardians of our democracy.”

From Los Angeles Times