Question

Difference between private and public enterprises in tabular form

Answer 1

Private enterprise refers to the enterprise owned, managed and controlled by private persons.

Public enterprise refers to the enterprise owned, manage and controlled by government.

Private enterprise main motive is earning profit.
Public enterprise main motive is to render service to general public.

Private enterprise involves no rules and regulations.
Public enterprise involves lot of rules and regulations.

Private enterprise involves funds from individuals.
Public enterprise involves funds from government.

Private enterprise - BHEL, TATA, BIRLA, GODREJ.
Public enterprise - FCI, LIC, RBC.

:-)

Answer 2

Answer:

Enterprise forms the economic backbone of a nation. It is the businesses or trade that produces a nation's wealth and status. Enterprises can be owned by two factions: the public or private citizens. Though there are fundamental differences between the two, some enterprises benefit by being publicly owned and others by being privately held.