private sector

Definitions

Accounting

  • noun one of the parts of the economy of a country, which itself is made up of the corporate sector (firms owned by private shareholders), the personal sector (individuals and their income and expenditure), and the financial sector (banks and other institutions dealing in money)

Information & Library Science

  • noun services or industries that are owned by individuals or groups rather than by the state

Travel

  • noun all companies which are owned by private shareholders, not by the state
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