private enterprise

  

Definition

Basis of a free market capitalist system, it is a business unit established, owned, and operated by private individuals for profit, instead of by or for any government or its agencies.

Use private enterprise in a sentence

  • They were a private enterprise and I really liked that, because those types of places always thrived and were better.

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  • You can try to adapt to the private enterprise quicker than other businesses if you want to get out in front of them.

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  • You may want to be set up as a private enterprise if you think that will make things more profitable in the long term.

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