private sector — The part of the economy that is owned by private groups, usually as a means of enterprise for profit, rather than being owned by the government
Part of speech: NOUN
Definition: The part of the economy that is owned by private groups, usually as a means of enterprise for profit, rather than being owned by the government
Pronunciation (IPA): /ˈpraɪvət ˈsektər/
Korean meaning: 정부가 아닌 개인이나 민간 기업이 소유하고 운영하는 경제 부문
Korean pronunciation: **프라**이벗 **섹**터
Example Sentences
- My friend quit his government job to join the private sector, saying he wanted to earn more money and work less bureaucracy.
- The private sector moves so fast that by the time the government approves a project, three startups have already solved the problem.
- Private sector efficiency is legendary - they can fire someone faster than the government can hire them.
private sector
NOUN//ˈpraɪvət ˈsektər//
The part of the economy that is owned by private groups, usually as a means of enterprise for profit, rather than being owned by the government
The part of the economy that is owned by private groups, usually as a means of enterprise for profit, rather than being owned by the government
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Private sector's protector uses his detector!
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🌳Etymology
Origin
Private는 라틴어 'privatus(개인의, 사적인)'에서 유래되었고, sector는 라틴어 'secare(자르다)'에서 나온 말로 '구분된 영역'을 의미합니다. 마치 경제라는 큰 케이크를 정부와 민간으로 나눈 것 같죠!
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“My friend quit his government job to join the private sector, saying he wanted to earn more money and work less bureaucracy.”
“The private sector moves so fast that by the time the government approves a project, three startups have already solved the problem.”
“Private sector efficiency is legendary - they can fire someone faster than the government can hire them.”
“The collaboration between public and private sectors is essential for sustainable economic development.”
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