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/
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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🎤Pronunciation
🌳Etymology
Origin
Private derives from Latin privatus, meaning 'personal' or 'private,' originally from privare (to deprive, separate). Sector comes from Latin secare, meaning 'to cut,' and refers to a distinct division or area, originally used in geometry to describe a cut portion of a circle.
Breakdown
private (from Latin privatus: personal, individual) + sector (from Latin secare: to cut, divide). The compound term describes the portion of the economy controlled by private individuals and businesses rather than the government.
🎵Rhyme
🔗Collocations
📝Examples
“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.”
📚Related Words
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