private sector

noun

1. the area of the nation's economy under private rather than governmental control.

private sector

noun

1. the part of a country's economy that consists of privately owned enterprises Compare public sector

private sector

1. That part of an economy in which goods and services are produced by individuals and companies as opposed to the government, which controls the public sector .

Word History and Origins

Origin of private sector¹

First recorded in 1950–55

Example Sentences

Musk has shown no hesitation, in the private sector, to eliminate jobs he considers superfluous.

From Los Angeles Times

Kemi Badenoch has accused the government of producing a Budget to "milk the private sector" as she stepped up her party's criticism of the rise in National Insurance paid by employers.

From BBC

But the inquiry heard the Treasury and the prime minister’s private office had refused the request, saying they wanted more use made of temporary Nightingale hospitals along with the private sector.

From BBC

The majority, 82%, of this money came from public funds, with the remainder from the private sector, according to the OECD, external.

From BBC

The publicly-owned company headquartered in Aberdeen will work with the private sector in developing clean energy projects.

From BBC