In terms of ownership, enterprises owned by individuals are known as

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In terms of ownership, enterprises owned by individuals are known as

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Public sector

Primary sector

Unorganised

Private sector

answer is D.

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Detailed Solution

Individually owned businesses are referred to as "private enterprises." The private sector refers to the portion of a country's economy owned, controlled, and managed by private individuals or businesses rather than the state or a public governing body like the government. The private sector is profit-oriented. However, it is an essential component of a country's economic system, managed by individuals and businesses rather than the government. Despite the vast development of the government sector, the private sector's contribution remained significant.

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