Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

  

English definition of “private business”

private business

noun    
[C] FINANCE a company that is owned by one person or a small group of people, for example a family, and whose shares are not traded on a stock market: Many of these small private businesses employ fewer than ten people.
[C] ECONOMICS a company that is not owned by the government: private and state-owned businesses
[U] ECONOMICS all the companies that are owned and controlled by one person or a small group of people, considered as a whole: The public sector continues to dominate the country's economy, while an increasing number of restrictions are imposed on private business.
(Definition of private business noun from the Cambridge Business English Dictionary © Cambridge University Press)
Focus on the pronunciation of private business

Word of the Day

work out

to exercise in order to improve the strength or appearance of your body

Word of the Day

Blog

Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More