Question

Different between private enterprises and public enterprises

Answer 1

Answer:

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.

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Answer 2

Answer:

Differences between the private and public enterprise:

- Private enterprises are often owned by individuals whose main aim is profit-making while public enterprises are owned by the government

-Private enterprises are established to make profit while public enterprises are established to serve the people.