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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. private enterprise is an economy in which the production of goods and services is carried out by businesses owned and operated by people risking their investment of capital and/or labor in the hope of making a profit.
    www.classicthesaurus.com/private_enterprise/define
    private enterprise Business carried on for profit and not owned by the government; also, the system that discourages public ownership of business; the same as free enterprise.
    www.dictionary.com/browse/private-enterprise
    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.

    www.myaccountingcourse.com/accounting-dictiona…
    private enterprise noun [ U ] us / ˌpraɪ.vət ˈen.t̬ɚ.praɪz / uk / ˌpraɪ.vət ˈen.tə.praɪz / industry and businesses owned by ordinary people, not by the government
    dictionary.cambridge.org/us/dictionary/english/priva…
     
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