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  2. 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"
      Opposite:
      state-controlled
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    What is a private enterprise?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.
    What is an example of private enterprise?An example of private enterprise is a clothing boutique. Business activities unregulated by state ownership or control; privately owned business. A privately owned business enterprise, especially one operating under a system of free enterprise or laissez-faire capitalism.
    What is the difference between public enterprise and private enterprise?Private enterprise is a contrast to publicly-owned entities which are owned and operated by a government or one of its agencies. An economic system premised on public enterprise is one in which social, collective principles are used to design economic systems.
    What is a private enterprise economy?Like other market economies, in theory, an economic system with private enterprise allows the demand of consumers to operate as the "invisible hand" dictating the prices at which a product or service is sold; however, government intervention is still allowed in a private enterprise economy, even though the businesses are privately held.
     
  4. 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
    dictionary.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+enterprise
    private 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 c2
    www.oxfordlearnersdictionaries.com/us/definition/e…
     
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