What is another word for Private Sector?
Pronunciation: [pɹˈa͡ɪvət sˈɛktə] (IPA) 
The private sector is often referred to as the business sector or corporate sector. It is the part of the economy that is run by private individuals or companies rather than the government. Other synonymous terms include the non-governmental sector, the for-profit sector, and the entrepreneur sector. It is an essential part of any economy, as it drives investment, innovation, and competition. The private sector encompasses a wide range of industries, including finance, manufacturing, retail, and service industries. In contrast to the public sector, the private sector is driven by profit and shareholder value, and its activities are governed by market forces.
