public enterprise
noun
ECONOMICSukus[U]
theeconomicsystemthat isbasedupon theprincipleofcompaniesbeingownedby thegovernmentand not bypeopleandbusinesses:
They haveyetto come totermswith theideathat in amodernstatethere is aroleforpublicenterprise.
[C]
abusinessthat isownedby thegovernment:
Severalpublicenterprisesmay beprivatised.
Compare
private enterprise