Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

  

English definition of “public enterprise”

public enterprise

noun     ECONOMICS
[U] the economic system that is based upon the principle of companies being owned by the government and not by people and businesses : They have yet to come to terms with the idea that in a modern state there is a role for public enterprise .
[C] a business that is owned by the government : Several public enterprises may be privatised .
→ Compare private enterprise
(Definition of public enterprise noun from the Cambridge Business English Dictionary © Cambridge University Press)
Focus on the pronunciation of public enterprise

Word of the Day

familiarity

a good knowledge of something, or the fact that you know it so well

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