An enterprise is a unit engaged in the production of goods or services for sale or barter. In terms of legal organization, enterprises may be corporations (including quasi-corporate enterprises), non-profit institutions, unincorporated enterprises owned by government units, or private unincorporated enterprises. The term enterprise is used in a broad sense. It covers not only production units which employ hired labour, but also those that are owned and operated by individuals working on their own account as self-employed persons, either alone or with the help of unpaid family members.
The activities may be undertaken inside or outside the enterprise owner’s home, and they may be carried out in identifiable premises or without fixed location. Accordingly, self-employed street vendors, taxi drivers, and home-based workers are all considered enterprises.