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 within an economy. See also public sector.

Use private sector in a sentence

  • After receiving his military discharge, Ken was anxious to land a job in the private sector and started interviewing with as many companies as he could.

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  • Most politicians who retire go into the private sector there is more money to be made with those types of companies because they aren't tied down by the public budget of their respective local government.

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  • Often times, when soldier's return from war zones, they struggle with the reentry to the private sector; our organization helps with this struggle.

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