Together, 事业 (shìyè) means “undertaking,” “project,” or “cause.” 单位 (dānwèi) is the standard word for a “work unit” or “organization.” So, 事业单位 (shìyè dānwèi) literally means an “undertaking/cause unit”—an organization established for a specific public cause or purpose.
The concept of a `事业单位` is deeply tied to China's socio-economic structure and the cultural value placed on stability.
`事业单位` is a common term in discussions about careers, job hunting, and the economy.