private sector

Non-governmental economy

The private sector is the part of an economy consisting of businesses and enterprises not owned or operated by government.

It contrasts with the public sector (government agencies, public schools, state-run services).

Most employment in capitalist economies occurs in the private sector: She left her government job for a position in the private sector.

business

corporation

Legally separate business entity

  • enterpriseCommercial undertaking or initiative
  • companyCommercial enterprise or guests
  • firmSolid or resolute

conglomerate · multinational · startup · SME · franchise · subsidiary · holding company · partnership · sole proprietorship · limited liability

finance

shareholder

Equity owner in corporation

capital · IPO · stock · bond · venture capital · angel investor · seed funding · crowdfunding · hedge fund · portfolio

market

competition

Struggle for supremacy

market share · pricing · profit motive · free market · deregulation · laissez-faire · neoliberalism · globalization · trade · efficiency

corporate

CEO

Top corporate officer

corporate culture · management · human resources · corporate governance · annual report · stakeholder · workforce · employee · payroll · corporate strategy

commerce

retail

Sales to end users

sales · e-commerce · vendors · transactions · buyers · sellers · supply chain · distribution · import · export

entrepreneurial

startup

New business enterprise

cofounder · bootstrapping · incubator · accelerator · pitch deck · disruptive · prototype · scalability · exit strategy · risk-taking

industry

manufacturing

Industrial product creation

technology · pharmaceuticals · automotive · aerospace · textiles · electronics · energy · telecommunications · transportation · hospitality

Categories
Opposites
ownership and control

private sectorpublic sector

State-controlled economic portion

government · public administration · civil service · government agencies · the crown

profit orientation

private sectornonprofit sector

Organizations serving public benefit

NGOs · civil society · social enterprises · community organizations · cooperatives

Family

private, privacy, sector, privately, sectors, privation, deprivation, privateer, sectoral

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