Private Enterprise - Explained
What is Private Enterprise?
Written by Jason Gordon
Updated at May 28th, 2022
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What is Private Enterprise?
Private enterprises are entities such as businesses, corporations, individuals that manage a business without the influence of the government. While there are still government regulations regarding certain actions, private enterprises are given the freedom to act however they would like within the economic standards of where they wish to do business in.
What are some examples of private enterprises?
Countries like the United States have a much bigger private sector leading to more private enterprises being allowed to do business, while countries like China have a much bigger public sector.
A few types of private enterprises are:
- Sole proprietors
- Corporations
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