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¦ noun the part of the national economy not under direct state control.
Private sector
The private sector is the part of the economy, sometimes referred to as the citizen sector, which is owned by private groups, usually as a means of establishment for profit or non profit, rather than being owned by the government.
The private sector is the part of a country's economy which consists of industries and commercial companies that are not owned or controlled by the government. (BUSINESS)
...small firms in the private sector.
? public sector
N-SING: theN, Nn
Wikipedia
Private sector
The private sector is the part of the economy, sometimes referred to as the citizen sector, which is owned by private groups, usually as a means of establishment for profit or non profit, rather than being owned by the government.