the private sector
noun/ðə ˌpraɪvət ˈsektə(r)/
/ðə ˌpraɪvət ˈsektər/
[singular]- the part of the economy of a country that is not under the direct control of the government
- to work in the private sector
- private-sector pay rises
Collocations The economyThe economyManaging the economycompare public sector, third sectorTopics Moneyc1- handle/run/manage the economy
- boost investment/spending/employment/growth
- stimulate demand/the economy/industry
- cut/reduce investment/spending/borrowing
- reduce/curb/control/keep down inflation
- create/fuel growth/demand/a boom/a bubble
- encourage/foster/promote/stimulate/stifle innovation/competition
- encourage/work with/compete with the private sector
- increase/boost/promote US/agricultural exports
- ban/restrict/block cheap/foreign imports
- the economy grows/expands/shrinks/contracts/slows (down)/recovers/improves/is booming
- enjoy an economic/housing/property boom
- push up/drive up prices/costs/inflation
- damage/hurt/destroy industry/the economy
- cause/lead to/go into/avoid/escape recession
- experience/suffer a recession/downturn
- fight/combat inflation/deflation/unemployment
- cause/create inflation/poverty/unemployment
- create/burst a housing/stock market bubble
- cause/trigger a stock market crash/the collapse of the banking system
- face/be plunged into a financial/an economic crisis
- be caught in/experience cycles of boom and bust
- cut/reduce/slash/increase/double the defence/education/aid budget
- increase/boost/slash/cut public spending
- increase/put up/raise/cut/lower/reduce taxes
- raise/cut/lower/reduce interest rates
- ease/loosen/tighten monetary policy
- balance the (state/federal) budget
- achieve/maintain a balanced budget
- run a ($4 trillion) budget deficit/surplus
- impose taxes/austerity measures
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the private sector