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 from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of public enterprise?
Add Cambridge dictionaries to your browser to your website

Word of the Day

throw

to send something through the air with force, especially by a sudden movement of the arm

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