That is when a government takes ownership of a private business, often with the idea of selling it back to investors later.

VOA: special.2009.01.30

Most important,the leaders of the new system would be chosen by the government-- not by private business.

VOA: special.2010.09.23

And I had a few companies then. But then a couple years ago, with the turn,now my business is like eighty percent corporate, twenty percent in-home private.

VOA: special.2011.02.28

Smith hoped this would prove his faith in the American private business system.

VOA: special.2011.02.10

in the past decade and a half. He also says more than half of all Americans working in the private sector are either employed by a small business or own one.

VOA: standard.2009.10.21