Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “private enterprise”

private enterprise

noun
 
 
ECONOMICS
[U] the economic system that is based on the principle of companies being owned privately, rather than by the government: The relationship between private enterprise and local government has been a basic feature of China's swift development.
[C] a company that is not owned by the government: public and private enterprises Foreign-trading rights have now been extended to many private enterprises.
→ Compare public enterprise
(Definition of private enterprise from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of private enterprise?
Add Cambridge dictionaries to your browser to your website

Definitions of “private enterprise” in other dictionaries

Translations of “private enterprise”

Word of the Day

beer mat

a small piece of cardboard that you put under a glass to protect a table surface in a pub or bar

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