public enterprise Meaning in the Cambridge English Dictionary
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Meaning of “public enterprise” in the English Dictionary

"public enterprise" in Business English

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public enterprisenoun

uk   us   ECONOMICS
[U] the ​economicsystem 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 ​publicenterprise.
[C] a ​business that is ​owned by the ​government: Several ​publicenterprises may be ​privatised.
(Definition of public enterprise from the Cambridge Business English Dictionary © Cambridge University Press)
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