PRIVATE SECTOR Definition & Meaning

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private sector

noun

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

private sector

noun

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

private sector

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.

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51�Թ� History and Origins

Origin of private sector¹

First recorded in 1950–55

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Example Sentences

Examples have not been reviewed.

"In the private sector, people would be sacked," he added.

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Achieving that will require not just effective and efficient government spending on these major long-term projects, but sufficient confidence and vision to get the private sector to pour its money into similar plans.

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Reopening the blast furnaces would require major investment from the public or private sector.

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That's because with the new government nearly one year old, this Spending Review is also a one-off opportunity to show the private sector and international investors that it has a confident, deliverable vision.

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In 2005, she left the private sector to work in finance for the Federal Aviation Administration.

From

private secretary private treaty

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