private sector

Definition

The part of a nation's economy which is not controlled by the government.

Use private sector in a sentence

The private sector has best been able to handle the contract as their efficiency has historically been better than the public sector.

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A lot of Americans are unaware of the non government controlled areas of our country like the private sector and should be educated about them.

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In the 2012 United States presidential election, Republican candidate Mitt Romney often touted his private sector experience at Bain Capital as a way to convince voters that he understood the concerns of American businesses.

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NFA National Futures Association