Private Enterprise
/ˈpraɪvɪt ˈɛntərˌpraɪz/
Definitions
- (n.) A business or commercial activity conducted by private individuals or companies rather than by the state.
The government encourages private enterprise to stimulate economic growth.
- (n.) The sector of the economy consisting of private businesses not owned or controlled by the government.
Regulations affecting private enterprise can impact employment rates significantly.
Forms
- private enterprise
- private enterprises
Related terms
See also
Commentary
In legal contexts, distinguishing private enterprise from public or state enterprise is crucial when discussing regulatory scope, liability, and economic rights.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.