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

Foundry is used by corporations in the private sector to help with global operations.

From Salon

He echoed the concerns raised by Mr Scott's parents, and said he believed the prison service's private sector needed to do more to deal with serious threats.

From BBC

Choudri said the authority has been in discussions with the private sector, which wants to see what investments the state will make in order to determine how to supplement funds.

From Los Angeles Times

The National Wealth Fund is publicly-owned and backed by the Treasury, and invests alongside the private sector in projects across the UK - primarily focusing on initiatives that support clean energy.

From BBC

By the time she received a second, suggesting that she find a “higher productivity” job in the private sector, firings and budget cuts were rolling across federal agencies.

From Salon