Private sector

section of the economy in which businesses and companies are privately owned

In economics, the private sector is that part of the economy which is both run for profit and is not controlled by the state. By contrast, enterprises that are part of the state are part of the public sector; private, non-profit organizations are regarded as part of the voluntary sector.A variety of legal structures exist for private sector business organizations, depending on the jurisdiction in which they have their legal domicile. Individuals can conduct business without necessarily being part of any organization.The private sector employs the majority of the workforce in some countries. In some countries such as the People's Republic of China, the public sector employs most of the workers.
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The part of an economy in which goods and services are produced and distributed by individuals and organizations that are not part of the government or state bureaucracy. [See also: public sector]