private enterprise

noun
UK: /ˌpraɪ.vət ˈen.tə.praɪz/
US: /ˌpraɪ.vət ˈen.t̬ɚ.praɪz/

  1. Business that are owned by individuals or companies, not by the government.

    1. The store is a private enterprise.
    2. Private enterprise plays a vital role in the national economy, creating jobs and wealth through innovation.

  2. An economic system where businesses are owned by private individuals or groups rather than the government.

    1. I support private enterprise.
    2. The shift towards private enterprise has led to increased competition and efficiency within the industry.

Synonyms

free enterprise private sector capitalism

Frequently Asked Questions

The word "private enterprise" in English means: Business that are owned by individuals or companies, not by the government., An economic system where businesses are owned by private individuals or groups rather than the government..

The phonetic transcription of "private enterprise" is /ˌpraɪ.vət ˈen.tə.praɪz/ in British English and /ˌpraɪ.vət ˈen.t̬ɚ.praɪz/ in American English. Click the 🔊 button to hear both pronunciations.

Synonyms for "private enterprise": free enterprise, private sector, capitalism.

Example usage of "private enterprise": "The store is a private enterprise.". More examples on the page.