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Mar 24, 2025 · The meaning of PRIVATE ENTERPRISE is free enterprise.

Jan 29, 2024 · When referred to as an economic system, private enterprise is a capitalist, market-based economy, rather than a command economy. Private enterprise is a contrast to publicly-owned entities which are owned and operated by a government or one of its agencies.

PRIVATE ENTERPRISE definition: 1. industry and businesses owned by ordinary people, not by the government 2. industry and…. Learn more.

Definition: A Private Enterprise is an entity that operates under the ownership and management of individuals that freely decided to develop a given business idea.

Definition of private enterprise noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.

Sep 8, 2024 · Private enterprise refers to businesses or organizations that are owned and operated by private individuals or groups, rather than by the government. These enterprises are typically driven by the goal of making a profit and operate within a …

May 16, 2025 · An economic system in which citizens are allowed to own capital and property and to run their own businesses with a minimum of state interference. The free-enterprise system encourages entrepreneurs and the making of profits by …

Oct 5, 2023 · Definition and exploration of the term 'private enterprise' and its implications in the economic and political spheres. Private enterprise refers to an economic system where the …

Business carried on for profit and not owned by the government; also, the system that discourages public ownership of business; the same as free enterprise. ( See private sector.)

Private enterprise is industry and business which is owned by individual people or commercial companies, and not by the government or an official organization.