Private enterprise is industry and business which is owned by individual people or commercial companies, and not by the government or an official organization.
[business]
...the government's plans to sell state companies to private enterprise.
private enterprise in British English
noun
1.
economic activity undertaken by private individuals or organizations under private ownership
Compare public enterprise
2. another name for capitalism
private enterprise in American English
free enterprise
Examples of 'private enterprise' in a sentence
private enterprise
They made no mention of the Conflict Commission or of Wolfgang's penchant for private enterprise.
Taylor, Andy TOY SHOP (2001)
It is his own private enterprise, which he carries out after the normal hours of his work.
Robert Silverberg LORD PRESTIMION (2001)
In other languages
private enterprise
British English: private enterprise NOUN
Private enterprise is industry and business which is owned by individual people or commercial companies, and not by the government or an official organization.