Which among the following consists of businesses owned by individuals or a group of individuals?
Private Sector
The Private Sector consists of businesses that are privately owned, not controlled or operated by the government. Therefore, the sector that consists of businesses owned by individuals or a group of individuals is the Private Sector .
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Important Questions from Economy
- At the time of independence, which sector contributed the largest share to India's national income?
- Which of the following is an example of soft infrastructure?
- Which of the following statements regarding the estimation of India's national and per capita income during the colonial rule is correct?
What was one of the major characteristics of India's economy at the time of independence in 1947?
- The Fiscal Responsibility and Budget Management (FRBM) Act set limits on the fiscal deficit and public debt. What was the fiscal deficit target under the original FRBM Act by 2008-09?
