Meaning of “public enterprise” in the English Dictionary

"public enterprise" in Business English

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public enterprisenoun

uk us 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.

(Definition of “public enterprise” from the Cambridge Business English Dictionary © Cambridge University Press)