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private sector

[ˈpraɪvət ˈsɛktər]
nounpl: private sectors
setor privado
1. The part of the economy that is run by private individuals and companies rather than by the state or government
The private sector has invested billions in renewable energy projects.
O setor privado investiu bilhões em projetos de energia renovável.
2. Businesses and enterprises owned and operated by private individuals or corporations for profit
Job creation in the private sector has increased significantly this year.
A criação de empregos no setor privado aumentou significativamente este ano.
Synonyms
private enterprisecommercial sectorbusiness sectorprivate industry
Antonyms
public sectorgovernment sectorstate sector

Regional Variations

General Brazilian
setor privado
Standard usage throughout Brazil
São Paulo
setor privado
Common in business and finance contexts
Portugal
setor privado
Standard European Portuguese usage

Related Idioms & Phrases

private sector growth
public-private partnership
private sector investment
private sector employment
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