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- nounprivate enterprise (noun)
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- Private enterprise refers to business activities unregulated by state ownership or control1. It is a privately owned business enterprise, especially one operating under a system of free enterprise or laissez-faire capitalism1. Private enterprise is an entity that operates under the ownership and management of individuals that freely decided to develop a given business idea2. Its freedom from government intervention is what makes it different from a government institution2.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.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
Definition: A Private Enterprise is an entity that operates under the ownership and management of individuals that freely decided to develop a given business idea. Its freedom from government intervention is what makes it different from a government institution.
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