1. A business or commercial venture owned and operated by private individuals or corporations rather than by the government
The tech industry is dominated by private enterprise rather than state-owned companies.
A indústria de tecnologia é dominada por empresa privada em vez de empresas estatais.
2. The economic system based on private ownership and free market competition
Private enterprise has driven innovation in the pharmaceutical sector.
A empresa privada impulsionou a inovação no setor farmacêutico.