Question

Explain the main characteristics of private sector undertakings​

Answer 1

Answer:

) Private Ownership and Control: A private sector undertaking is fully owned and controlled by the private entrepreneurs. It may be owned by one individual or by a group of individuals jointly. ... There is no participation by the Central or State Governments in the ownership and control of a private sector undertaking.

Explanation:

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Answer 2

Answer

Their main characteristics are as under

(a) Private Ownership and Control

(b) Profit Motive

(c) No State Participation

(d) Private Finance

(e) Independent Management

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