Give two differences between private and public enterprises
Answers
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 involves funds from government.
Answer:
private sector:
1..The private sector or enterprise are the businesses that are owned by a private group or an individual.
2..It is that type of business units which are carried on with the motive of earning profits.
3..The government cannot interfere in the functions of private enterprises as it has no control over it.
public sector:
1..The sector or enterprises are the businesses that are owned and controlled by the government.
2..The government can participate in economic activities through these enterprises of the country.
3..These organizations may be either partly or wholly owned by the central or state government.