Business Enterprises and the Economy Quiz

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Which sector refers to businesses or organizations that are owned, managed, and operated by private individuals or groups?

Private sector enterprises

What is a business enterprise?

An organization involved in commercial activities

Which sector includes businesses owned by the government?

Public sector enterprises

Which type of economy does India operate as?

<p>Mixed economy</p> Signup and view all the answers

Which sector includes businesses owned by both private individuals/groups and the government?

<p>Joint sector enterprises</p> Signup and view all the answers

Which of the following is an example of a private sector business?

<p>A local restaurant</p> Signup and view all the answers

Which of the following is NOT an example of a business enterprise?

<p>A non-governmental organization</p> Signup and view all the answers

What is the main goal of business enterprises?

<p>To meet the needs and demands of consumers</p> Signup and view all the answers

Which of the following sectors includes businesses owned by the government?

<p>Public sector enterprises</p> Signup and view all the answers

What type of economy does India operate as?

<p>Mixed economy</p> Signup and view all the answers

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