private sector Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “private sector” in the English Dictionary

"private sector" in American English

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private sectornoun [C usually sing]

 us   /ˈprɑɪ·vɪt ˈsek·tər/
all the ​businesses that are not ​owned and ​controlled by the ​government: The ​project will be financed by the ​government and two ​companies in the private sector.
(Definition of private sector from the Cambridge Academic Content Dictionary © Cambridge University Press)

"private-sector" in Business English

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private-sectoradjective [before noun]

uk   us  
ECONOMICS relating to the ​part of a country's ​economy that consists of ​companies, ​businesses, etc. that are not ​owned by the ​government: Government ​policy continues to emphasize private-sector ​participation in ​addressinghealthcareissues. private-sector ​workers/​jobs/​employers private-sector ​borrowing/​investment/​debt private-sector ​companies/​firms
(Definition of private-sector from the Cambridge Business English Dictionary © Cambridge University Press)
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