private enterprise
/ˈpraɪvɪt ˈɛntərˌpraɪz/
noun
- A business or industry that is owned and operated by private individuals or companies, not by the government.
- She started her own private enterprise, a small bakery in the neighborhood.
- The country's economy relies heavily on private enterprise rather than state-owned industries.
- Private enterprise drives innovation in the technology sector.
Synonyms