Definition, Meaning & Synonyms
private-entity
Noun
/ˈpraɪ.vɪt ˈɛn.tɪ.ti/
Definition
A private entity refers to an organization or company that is not owned or operated by the government and typically operates for profit.
Examples
- A private entity can take many forms, such as a corporation, partnership, or sole proprietorship.
- Investors often seek opportunities within private entities for potential growth outside of public markets.
- Non-profit organizations can also be classified as private entities, despite their mission-driven focus.
Meaning
Private entities are businesses or organizations that are owned by individuals or groups rather than the state or public sector.
Synonyms
- private organization
- non-governmental organization (NGO)
- for-profit entity
- business
