What does private enterprise mean?

Definitions for private enterprise
pri·vate enter·prise

This dictionary definitions page includes all the possible meanings, example usage and translations of the word private enterprise.

Princeton's WordNet

  1. market economy, free enterprise, private enterprise, laissez-faire economynoun

    an economy that relies chiefly on market forces to allocate goods and resources and to determine prices

Wikipedia

  1. private enterprise

    A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are a closely-held corporation, unquoted company, and unlisted company. Though less visible than their publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 largest private companies in the United States accounted for US$1,800,000,000,000 ($1.8 trillion) in revenues and employed 6.2 million people, according to Forbes. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on Forbes' survey of closely held U.S. businesses sold a trillion dollars' worth of goods and services (44%) and employed four million people. In 2004, the Forbes count of privately held U.S. businesses with at least $1 billion in revenue was 305.Separately, all non-government-owned companies are considered private enterprises. This sense includes both publicly traded and privately held companies, as their investors are individuals in the private sector.

ChatGPT

  1. private enterprise

    Private enterprise is a business or industry that is owned and managed by individuals or a group of individuals, rather than by the state or government. It operates on the principles of supply and demand in a free market economy, with the primary objective of generating profit. The owners have the rights to make decisions regarding production, distribution, pricing, and competition.

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Numerology

  1. Chaldean Numerology

    The numerical value of private enterprise in Chaldean Numerology is: 4

  2. Pythagorean Numerology

    The numerical value of private enterprise in Pythagorean Numerology is: 4

Examples of private enterprise in a Sentence

  1. Prem Watsa:

    There will be more business-friendly policies and more private enterprise coming into India.

  2. Sir Winston Churchill:

    Some people regard private enterprise as a predatory tiger to be shot. Others look on it as a cow they can milk. Not enough people see it as a healthy horse, pulling a sturdy wagon.

  3. Loai Labani:

    My family and my friends were trying to tell me you shouldn't focus on this, just get a government job and the security that comes with it, of my 20 employees, half are Saudi and I need 10 more, but it's a struggle to get the quality developers, web-designers and programmers. We have to do 2-300 interviews to hire just one Saudi, because not just the knowledge but the personality for private enterprise is so hard to find.

  4. Paulo Cesar Silva:

    Given the support, Bombardier has been very aggressive, to the point of offering planes at prices below their production costs. That's what the numbers show, it causes a major distortion in the market. We're not competing with a private enterprise any more. We're competing with the government.

  5. Peter Navarro:

    My job at The White House now is to help marry the full force of the federal government with the full power of private enterprise to mobilize our industrial base and thereby quickly get what we need, most urgently Personal Protective Equipment such as masks and gloves and testing kit element like swabs, it's been enormously helpful that the President signed the DPA last week. We've seen a noticeable uptick in the intensity of that mobilization, and my office is using the DPA every day as quiet leverage to turbocharge the great outpouring of volunteer efforts from the business community.

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"private enterprise." Definitions.net. STANDS4 LLC, 2024. Web. 6 Oct. 2024. <https://www.definitions.net/definition/private+enterprise>.

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