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English definition of “private enterprise”

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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
Translations of “private enterprise”
in Chinese (Traditional) 私人企業…
in Chinese (Simplified) 私营企业…
(Definition of private enterprise from the Cambridge Business English Dictionary © Cambridge University Press)
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