Difference between public and private sector enterprises
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Public Enterprise
Public enterprise is an enterprise or business owned or controlled by the public. This typically means government ownership or control. Since the government is an agent of the people, or public, ownership by the government is the ultimate form of public ownership, particularly in a democratic nation. In theory, every citizen has an ownership interest in a government-owned or controlled public company. This is not limited to federal governments; locally owned or controlled enterprises, such as municipal water and sewer companies, are also public enterprises. The government has final say on the directors of the enterprise and the major policy decisions. Any profits are either funneled back into the company, or they go into the government coffers.
Private Enterprise
Private enterprise is an enterprise owned or controlled by private citizens. This can be anything from sole ownership to large publicly traded corporations. Private enterprise means that there is no government controlling interest or ownership. The owners choose the board of directors of a private enterprise, and profits are dispersed among the owners or shareholders. The government has no direct say in the running of the enterprise. This type of enterprise is also known as free enterprise.
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Here is your answer...
Public Enterprise
Public enterprise is an enterprise or business owned or controlled by the public. This typically means government ownership or control. Since the government is an agent of the people, or public, ownership by the government is the ultimate form of public ownership, particularly in a democratic nation. In theory, every citizen has an ownership interest in a government-owned or controlled public company. This is not limited to federal governments; locally owned or controlled enterprises, such as municipal water and sewer companies, are also public enterprises. The government has final say on the directors of the enterprise and the major policy decisions. Any profits are either funneled back into the company, or they go into the government coffers.
Private Enterprise
Private enterprise is an enterprise owned or controlled by private citizens. This can be anything from sole ownership to large publicly traded corporations. Private enterprise means that there is no government controlling interest or ownership. The owners choose the board of directors of a private enterprise, and profits are dispersed among the owners or shareholders. The government has no direct say in the running of the enterprise. This type of enterprise is also known as free enterprise.
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