Businesses and industries that are not owned or controlled by the government.
The private sector creates many jobs.
Investment in the private sector is crucial for economic growth and innovation.
The part of a country's economy that is run by individuals and companies for profit, rather than by the government.
Many people work in the private sector.
The government encourages collaboration between the public and private sector to improve services.
Frequently Asked Questions
The word "private sector" in English means: Businesses and industries that are not owned or controlled by the government., The part of a country's economy that is run by individuals and companies for profit, rather than by the government..
The phonetic transcription of "private sector" is /ˌpraɪ.vət ˈsek.tər/ in British English and /ˌpraɪ.vət ˈsek.tɚ/ in American English. Click the 🔊 button to hear both pronunciations.
Example usage of "private sector": "The private sector creates many jobs.". More examples on the page.