define private enterprise - Search
  1. Dictionary

    pri·vate en·ter·prise
    [ˌprīvət ˈen(t)ərˌprīz]
    noun
    private enterprise (noun)
    1. business or industry that is managed by independent companies or private individuals rather than by the state:
      "a boom in private enterprise"
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    Similar and Opposite Words
    noun
    1. business or industry that is managed by independent companies or private individuals rather than by the state:
      Opposite:
      state-controlled
     
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  3. Private enterprise refers to businesses that are owned and controlled independently by individuals or organizations, rather than by the government1234. It is characterized by freedom from government intervention and is a key component of capitalist economic systems.
    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. Its freedom from government intervention is what makes it different from a government institution.
    www.myaccountingcourse.com/accounting-dictiona…
    The term "private enterprise" is typically in reference to either a privately owned and operated entity, or an economic system. When referred to as an entity, a private enterprise is a business that is not controlled or owned by the government. Everything, including the means of production, is owned by an individual or group of individuals.
    www.financestrategists.com/wealth-management/p…
    a business owned and controlled independently and not by government, or the system that encourages such businesses (Definition of private enterprise from the Cambridge Academic Content Dictionary © Cambridge University Press)
    dictionary.cambridge.org/dictionary/english/private …
    economic activity undertaken by private individuals or organizations under private ownership Compare public enterprise another name for capitalism private enterprise 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.
    www.dictionary.com/browse/private-enterprise
     
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    WEBSep 24, 2021 · The private sector is the part of the economy owned and controlled by individuals and businesses rather than the government. Unlike the public sector, which is funded primarily through tax dollars, …

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