Private-sector meaning

The part of the economy that is controlled by individuals or private organizations and is not funded by the government.
noun
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(business) All organizations in an economy or jurisdiction that are not controlled by government, including privately owned businesses and not-for-profit organizations.

After spending two decades at various government agencies, he returned to the private sector and took a job as a business consultant.

noun
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Of or pertaining to the private sector.
adjective
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Origin of private-sector