private sector

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EtymologyEdit

private + sector

NounEdit

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private sector (plural private sectors)

  1. (business) All organizations in an economy or jurisdiction that are not controlled by government, including privately owned businesses and not-for-profit organizations.
    After spending two decades at various government agencies, he returned to the private sector and took a job as a business consultant.
    • 2013 August 10, Schumpeter, “Cronies and capitols”, The Economist, volume 408, number 8848: 
      Policing the relationship between government and business in a free society is difficult. Businesspeople have every right to lobby governments, and civil servants to take jobs in the private sector.

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Last modified on 19 November 2013, at 11:11