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Meaning of private sectors
The private sector refers to the part of the economy composed of both private and public enterprises, including businesses and corporations, that are not controlled by the government.
Etymology of private sectors
The term "private sector" originated in the 19th century, when the concept of a separate, non-governmental economy began to emerge.
The word "private" comes from the Latin "privatus," meaning "set apart" or "separate," and the word "sector" comes from the Latin "sector," meaning "a cutting" or "a division."
Synonyms
private industries
private companies
private enterprises
businesses
corporations
firms
organizations
institutions
commercial sectors
industrial sectors
economic sectors
private institutions
non-governmental organizations
non-state actors
commercial enterprises
industrial enterprises
economic enterprises
private businesses
private corporations
private firms
private organizations
private institutions
commercial businesses
industrial businesses
economic businesses
for-profit organizations
profit-making enterprises
capitalist enterprises
free-market enterprises
private-sector organizations
non-public sectors
independent sectors
self-regulating sectors
voluntary sectors
private-domain sectors
commercial domains
industrial domains
economic domains
Definitions
- The part of the economy that is not controlled by the government, including private businesses and corporations.
- * The sector of the economy that is driven by the motivation to make a profit, as opposed to the public sector, which is driven by the motivation to provide a public service.
Usage Examples
- The private sector is a key driver of economic growth and job creation.
- * The government has announced plans to partner with the private sector to develop new infrastructure projects.
- * The private sector is playing an increasingly important role in the provision of public services, such as healthcare and education.
Antonyms
public sectors
government agencies
state-owned enterprises
non-profit organizations
charitable institutions
voluntary organizations
community groups
social enterprises
cooperative enterprises
mutual organizations
public institutions
government departments
state-controlled enterprises
nationalized industries
government-owned corporations
public corporations
municipal enterprises
local government agencies
federal agencies
state agencies
regional authorities