The definition of a private enterprise is a privately owned business or industry run independently of the government.noun
An example of private enterprise is a clothing boutique.YourDictionary definition and usage example. Copyright © 2013 by LoveToKnow Corp.
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- Business activities unregulated by state ownership or control; privately owned business.
- A privately owned business enterprise, especially one operating under a system of free enterprise or laissez-faire capitalism.
private enterprise - Cultural 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.)