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private enterprise

private enterprise

14 3.9
Businesses owned and run by people or companies, not the government
  • noun
  • /ˈpraɪvɪt ˈɛntərpraɪz/
translation icon : iniciativa privada
  • Most trade in the capitalist world is carried on by private enterprises, mainly by large corporations.
  • market and private enterprise
  • free market and private enterprise
  • private enterprise economy

You know, we don't want choices to be diminished because private enterprise starts mimicking government schools.

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Examples

  • Probably the most dramatic economic change was the gradual integration of private enterprise into Chinese society.

    Academic text (1999)
  • Reagan believed other countries would not follow the American private enterprise model unless our own policy endorsed these principles.

    Academic text (1990)
  • And so when does private enterprise lead us into space?

  • In short, private enterprise always has the bottom line to guide it.

    Academic text (1997)
  • Government failed them at some level, and private enterprise kicks in to complete the job.

    Blog text (13)
  • For example, in much of West Africa, the largest private enterprises are real estate agencies and import agencies.

    Academic text (1994)
  • Reflecting years of artificial restrictions on private enterprise, it is currently the most dynamic area of formerly socialist economies.

    Academic text (1991)
  • Ordinarily, a private enterprise has an easy and straightforward test of whether it succeeds or not.

    Academic text (1997)
  • As privatization unfolds, private enterprise expands, and the domestic market is opened to foreign competition.

    Academic text (1991)
  • Private enterprise plays a crucial role in driving innovation and economic growth in many countries.

Synonyms

capitalism
vsprivate enterprise
292 3.8

A system where people or companies own businesses and property to make money

adds that production and prices are largely determined by market forces
market economy
vsprivate enterprise
  • Specialized
93 3.0

A system where people and businesses buy and sell goods and prices are set by supply and demand

adds the element of private ownership and management of businesses and industries
free enterprise
vsprivate enterprise
30 3.8

A system where private businesses compete and the market sets prices with little government control

stresses ownership by individuals or organizations rather than only competition rules
capitalist economy
vsprivate enterprise
4 4.2

An economic system where private people or companies own businesses and try to make money

emphasizes private management with production and prices set mainly by markets
laissez-faire economy
vsprivate enterprise
  • Specialized
7.2

An economy where businesses operate with little government control

includes that businesses are privately owned and managed rather than state run

How Public

mixed economy
  • Specialized
2 4.1
private enterprise
14 3.9

Surface Forms

Morphology

private + enterprise

The meaning 'businesses owned and managed by private individuals rather than the government' is directly derivable from combining 'private' (not public/governmental) with 'enterprise' (a commercial organization). This adjective + noun composition follows standard semantics and is cross-linguistically common, so a B1 learner who knows both constituents will readily understand the MWE.

Etymology

The term private enterprise may come from the simple idea of a person or group starting a business on their own: private means 'not run by the government' and enterprise means 'business or project'. So, it refers to companies owned and run by private people rather than by the government.