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- nounprivate enterprise (noun)
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- Private enterprise is a term that can refer to either a privately owned and operated business, or an economic system that encourages such businesses1234. In a private enterprise, the owners have full control over their business activities and do not depend on the government for regulation or ownership13. Private enterprise is often associated with free enterprise or laissez-faire capitalism, where the market forces determine the prices and production34.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.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 businessesdictionary.cambridge.org/dictionary/english/private …private enterprise n. 1. Business activities unregulated by state ownership or control; privately owned business. 2. A privately owned business enterprise, especially one operating under a system of free enterprise or laissez-faire capitalism.www.thefreedictionary.com/private+enterpriseprivate enterprise noun /ˌpraɪvət ˈentəpraɪz/ /ˌpraɪvət ˈentərpraɪz/ [uncountable] the economic system in which industry or business is owned by independent companies or private people and is not controlled by the government compare free enterprise Topics Money c2www.oxfordlearnersdictionaries.com/us/definition/e…
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