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'private enterprise' is a correct and usable phrase in written English.
It is usually used to refer to businesses or activities that are conducted by private individuals or companies rather than by government or public agencies. For example: Private enterprise has been a major driver of economic growth in the country in the last decade.
Exact(60)
There was no private enterprise.
Capitalism was legalized & private enterprise encouraged.
Restrictions on private enterprise are to blame.
Frobisher was the embodiment of private enterprise.
He went on to praise private enterprise.
You put your private enterprise in.
You put your private enterprise out.
I would have private enterprise build the schools with the same penalties that private enterprise exercises.
"That's unofficial geometry, since it pertains to a private enterprise".
We're not suggesting that private enterprise alone will end poverty.
Western books were burned, and private enterprise was banned.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com