What term describes organisations owned by private individuals and enterprises?

The term that describes organizations owned by private individuals and enterprises is the private sector. This sector encompasses all businesses and companies that are privately owned and operated, aiming to generate profit for their owners. Private sector organizations range from small startups to large multinational corporations and cover a wide variety of industries.

In contrast, the public sector is made up of government-owned entities that provide public services and are funded by taxpayer money. The non-profit sector consists of organizations that operate for charitable purposes rather than for profit, relying on donations, grants, and volunteers. The government sector refers specifically to the branches and agencies of government at both the national and local levels that provide various services to citizens. Each of these sectors has distinct characteristics that differentiate them from the private sector, which is characterized by private ownership and profit motivation.