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private enterprise

noun
🔊/ˌpraɪvət ˈentəpraɪz/
🔊/ˌpraɪvət ˈentərpraɪz/
 [uncountable]
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  1. the economic system in which industry or business is owned by independent companies or private people and is not controlled by the government私营企业；民营企业 compare free enterpriseTopics Moneyc2