private enterprise

noun
1.
free enterprise (def 1).
Origin
1835-45
British Dictionary definitions for private enterprise

private enterprise

noun
1.
economic activity undertaken by private individuals or organizations under private ownership Compare public enterprise
2.
another name for capitalism
private enterprise in Culture

private enterprise definition


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. (See private sector.)