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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 does private enterprise mean?iniciativa privada… Need a translator? Get a quick, free translation! PRIVATE ENTERPRISE meaning: 1. industry and businesses owned by ordinary people, not by the government 2. industry and…. Learn more.
    Is a business a private enterprise?A private enterprise is a business that is not owned or controlled by the Government and is not a non-profit. Thus, the business is part of the private sector. Another definition of private enterprise is a business entity whose ownership interest (e.g., stock of a corporate entity) is not publicly traded on registered exchanges or public markets.
    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.
     
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