From Longman Business Dictionarypublic enterpriseˌpublic ˈenterprise1[countable]ORGANIZATIONS a business that is owned and run by the governmentIt’s a vast public enterprise employing over 5,000 local government workers.2[uncountable]ECONOMICS businesses and companies that are owned and run by the government, considered as a wholeHe believed in privatization and the dismantling of public enterprise. → enterprise
