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

“Employees whose positions are eliminated deserve to be treated with respect,” Mr. Musk and Mr. Ramaswamy wrote in The Journal, adding that the efficiency department would “help support their transition into the private sector.”

From New York Times

Trump has said there's no price tag so there is already a tremendous amount of activity taking place in the private sector, with private prison and airplane businesses gearing up for some major government contracts.

From Salon

The council will oversee “the path to US energy dominance by cutting red tape, enhancing private sector investments across all sectors of the Economy,” Trump said.

From BBC

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