The private sector is the part of the economy owned by companies and individuals. Work in the private sector.
The line is blurrier than it sounds, since a great deal of public work is done under contract. The private sector employs about four in five workers in Britain.
1nounprivate sectorThe part of the economy owned by companies and individuals.
“He moved to the private sector for twice the salary.”
private sector is a sector.
Private plus sector; the pairing with public sector dates from the mid twentieth century.
private + sector
Etymology from Wiktionary, CC BY-SA