private enterprise
noun
Origin of private enterprise
First recorded in 1835–45
Words nearby private enterprise
British Dictionary definitions for private enterprise
private enterprise
noun
economic activity undertaken by private individuals or organizations under private ownership
Compare public enterprise
another name for capitalism
Cultural definitions for private enterprise
private enterprise
Business carried on for profit and not owned by the government; also, the system that discourages public ownership of business; the same as free enterprise. (See private sector.)