Private Enterprise - Explained
What is Private Enterprise?
Written by J. Mance Gordon
Updated at April 23rd, 2024
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What is Private Enterprise?
A private enterprise is a business that is not owned or controlled by the Government and is not a non-profit. Thus, the business is part of the private sector.
Another definition of private enterprise is a business entity whose ownership interest (e.g., stock of a corporate entity) is not publicly traded on registered exchanges or public markets.
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