The segment of the economic environment comprising independently owned firms that seek to earn profits is called the ________.

Question

Quizplus · Accepted Answer

The private sector is the segment of the economic environment comprising of independently owned firms that seek to earn profits. The political sector refers to the government and its actions, while the democratic sector is not a term used to describe any segment of the economic environment. The public sector refers to government-owned organizations and institutions.

The Segment of the Economic Environment Comprising Independently Owned Firms