Differentiate between Commercial & Non-Commercial organisations.
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Commercial organizations
- Organizations functioning to earn profits are commercial organizations.
- All companies irrespective of their ownerships come under commercial organizations.
- The profits generated belong to the owners.
Non-commercial organizations
- Organizations functioning to provide free services and not earn any profits are non-commercial organizations.
- Ngo's, Trusts, Cooperative institutions, etc. are non-commercial organizations.
- The profits generated are used for the betterment of the organization and the services it provides.
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