- The definition of a private enterprise is a privately owned business or industry run independently of the government.
An example of private enterprise is a clothing boutique.
private enterprise definition by Webster's New World
private enterprise definition by American Heritage Dictionary
- 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.)