Cambridge O Level Business Studies · Syllabus 7115 · Understanding Business Activity
Private Sector
What is Private Sector?
The part of an economy that is owned and controlled by individuals or private organisations rather than by government. Private-sector businesses are financed largely by owners, retained profits and private lenders, and commonly pursue objectives such as survival, profit, growth or market share.
This definition is part of the Understanding Business Activity chapter in Cambridge O Level Business Studies.
Last reviewed Syllabus 2026