The collection of private, commercially oriented organizations, ranging in size from sole proprietorships to large corporations is referred to as
A) the third sector.
B) government.
C) business.
D) the free market economy.

Question

Quizplus · Accepted Answer

The term "business" refers specifically to private, commercially oriented organizations. The other answer choices - the third sector, government, and free market economy - either do not accurately describe this collection of organizations or refer to broader economic concepts that include other entities beyond just private businesses.

The Collection of Private, Commercially Oriented Organizations, Ranging in Size