1. The part of a country's economy that is not controlled or owned by the government, consisting of privately owned businesses and enterprises
The private economy has grown significantly with the expansion of small and medium-sized enterprises.
A economia privada cresceu significativamente com a expansão de pequenas e médias empresas.
2. Economic activity conducted by individuals and private corporations rather than by the state
Investments in the private economy create job opportunities for citizens.
Os investimentos na economia privada criam oportunidades de emprego para os cidadãos.