A business operation or firm that is owned and operated by private individuals rather than government agencies.

An organization that is not related to the government and is notforprofit. The directors and trustees of the foundation contribute and manage the accounts. Usually, charitable institutions, and other related activities are

The consumption of an item, that deems it unusable for another individual or party.

The application of specific laws in the case a foreign entity is involved, usually in local legal systems. The validity of the prosecutor’s judgements are also monitored under the private international law.

A brand or product that is not owned by the manufacturer. The retailer retains the ability to use their name under the manufacturing contract.

A buyer’s right that allows the modification of the product according to their needs. For example, a business owner through the purchase of the private label rights is able to modify and

A company whose shareholders are offered limited liability. However, ownership restrictions are strictly in place to avoid the hostile takeover attempt by any association or bylaws. The restrictions include (1) The sale

A term for a point to point circuit or a leased line.

The private conduct of an individual that not of concern to the society or the government and thus does not warranty an intrusion. In contrast, public morality refers to the actions that

An exclusive network for communication that is owned by a number of firms.

The transportation of private individuals is undertaken in private passenger automobiles.

The ownership of tangible and intangible goods by an individual who has exclusive rights over it. The transfer of a private property can take place only by the owner’s consent or through

An industry that is composed of private companies. The corporate sector and the personal sector are encompassed in the private sector and they are responsible for the allocation of the majority of

A trust for the benefit of certain private individuals, and not for the general public.

A firm’s storage facility that is used to store its own goods.

As opposed to nationalization, privatization is the sale of enterprises owned by public companies to private companies.

A latin term meaning for the public good. It is the provision of services that are free to safeguard public interest. See, e.g., Free Legal Advice Resources

The rate for a time period that is shorter than the contract period.

A behaviour that focuses on results and actions rather than acting when something happens. This type of behaviours aims to identify and take advantage of opportunities and also to prevent potential threats

A corporate action that takes the necessary steps before the actual occurrence of a problem. One of the four steps undertaken by companies in response to the social and environmental problems posed