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  2. Dictionary

    pri·vate en·ter·prise
    [ˌprīvət ˈen(t)ərˌprīz]
    noun
    private enterprise (noun)
    1. business or industry that is managed by independent companies or private individuals rather than by the state:
      "a boom in private enterprise"
      Opposite:
      state-controlled
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  4. The term "private enterprise" is typically in reference to either a privately owned and operated entity, or an economic system. When referred to as an entity, a private enterprise is a business that is not controlled or owned by the government. Everything, including the means of production, is owned by an individual or group of individuals.
    www.financestrategists.com/wealth-management/p…
    a business owned and controlled independently and not by government, or the system that encourages such businesses
    dictionary.cambridge.org/dictionary/english/private …
    private enterprise n. 1. Business activities unregulated by state ownership or control; privately owned business. 2. A privately owned business enterprise, especially one operating under a system of free enterprise or laissez-faire capitalism.
    www.thefreedictionary.com/private+enterprise
    private enterprise noun /ˌpraɪvət ˈentəpraɪz/ /ˌpraɪvət ˈentərpraɪz/ [uncountable] the economic system in which industry or business is owned by independent companies or private people and is not controlled by the government compare free enterprise Topics Money c2
    www.oxfordlearnersdictionaries.com/us/definition/e…
     
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