private sector
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/pɹˈaɪvət sˈɛktɚ/
British pronunciation
/pɹˈaɪvət sˈɛktə/

Definition & Meaning of "private sector"

Private sector
01

the part of the economy that is run by private individuals or companies, rather than the government, and aims to make a profit

example
Example
click on words
Many people work in the private sector, including employees in businesses and corporations.
She works in the private sector, managing a marketing team at a tech company.
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