A private-sector organization is created by forming a new enterprise or privatizing a public sector organization. A large private-sector corporation may be privately or publicly traded.
The private sector is the part of a country's economic system that is run by individuals and companies, rather than the government. The segment of the economy under control of the government is known as the public sector.
Definition of private sector: The part of national economy made up of private enterprises. It includes the personal sector (households) and corporate sector (companies), and is responsible for allocating most of the resources with...
GCSE Business Studies revision section covering The Private Sector, Structure of the UK Economy, Main features of the private sector, Entrepreneurs and profit, Corporate Objectives, mission statements.
Private sector definition, the area of the nation's economy under private rather than governmental control.
Define private sector: the part of an economy which is not controlled or owned by the government—private sector in a sentence.
Definition of private sector in English: Share this entry. email cite discuss.
private sector - noun one of the parts of the economy of a country, which itself is made up of the corporate sector (firms owned by private shareholders), the ...
...definition and application of these terms in the modern day private...
The concept of public sector is broader than simply that of core government and may overlap with the not-for-profit or private sectors.