Question

define public. Chapter 3 Class 11th Cbse Business studies public, private &Global enterprises ​

Answer 1

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Any company which is not a private company is called a public company. According to the Indian Companies Act, a public company is one : (1)That has minimum of seven members and the maximum number is unlimited. (2)That has a minimum paid up capital of 5 lakhs.

Answer 2

Explanation:

The Government of India has opted for a mixed economy where both private and government enterprises are allowed to operate. The economy, therefore, may be classified into two sectors, viz., private sector and public sector. Then there are businesses which operate in more than one country known as global enterprises.