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English definition of “the private sector”

the private sector

noun [S]    
ECONOMICS the part of a country's economy that consists of companies, businesses, etc. that are not owned by the government: It has always been difficult to persuade able candidates to aim at the civil service rather than a job in the private sector.
→ Compare the public sector
(Definition of the private sector noun from the Cambridge Business English Dictionary © Cambridge University Press)
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