PRIVATE SECTOR Definition & Meaning

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private sector

noun

the area of the nation's economy under private rather than governmental control.

private sector

noun

the part of a country's economy that consists of privately owned enterprises Compare public sector

private sector

That part of an economy in which goods and services are produced by individuals and companies as opposed to the government, which controls the public sector .

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51�Թ� History and Origins

Origin of private sector¹

First recorded in 1950–55

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Example Sentences

Examples have not been reviewed.

The document further states that some of NOAA's other functions could be carried out in the private sector “at lower cost and higher quality.”

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It also has significant implications for the future of the space agency, if Mr Isaacman's role leads to Nasa using the private sector even more than it does now.

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He does not have enough years working in the private sector to qualify for Social Security.

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Some nonprofits are scrambling to change their organizational language to secure federal funding, Snakeoil said, while others are fleeing to the private sector.

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The rhetoric has led to actual policy decisions, as he has issued multiple executive orders targeting diversity, equity and inclusion programs in the public and private sectors.

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