Definitions for "Private sector"
businesses owned by private investors (as opposed to the government).
A part of society, industry or the economy that is not under direct governmental control. For example, private-sector employers are businesses that are privately owned by individuals, partners or stock holders, while private-sector employees work for such businesses. Compare to Public Sector.
all individuals resident in Canada, all private organizations resident in Canada and incorporated, registered, or recognized as such, under federal or provincial legislation, and which carry on activities in Canada. Non-profit organizations, universities and other public or para-public institutions resident in Canada, such as provincial research organizations, are considered to be private organizations.