What is the meaning of private enterprise?

private enterprise is an economy in which the production of goods and services is carried out by businesses owned and operated by people risking their investment of capital and/or labor in the hope of making a profit.

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APABarry Goldsmith. (2010). private enterprise. Retrieved September 22, 2026, from http://smartdefine.org/private_enterprise/definitions/1161175
ChicagoBarry Goldsmith. 2010. "private enterprise" http://smartdefine.org/private_enterprise/definitions/1161175 (accessed September 22, 2026).
HarvardBarry Goldsmith 2010, private enterprise, Smart Define, viewed 22 September, 2026, <http://smartdefine.org/private_enterprise/definitions/1161175>.
MLABarry Goldsmith. "private enterprise" 21 October 2010. Web. 22 September 2026. <http://smartdefine.org/private_enterprise/definitions/1161175>
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