Question

In a tabular form 7differences between private and public enterprises

Answer 1

Q. Differences between private and public enterprises

Answer:

Private enterprise

1. The section of a nation's economy, which owned and controlled by private individuals or companies is known as Private enterprise

2. Private enterprise refers to the enterprise owned, managed and controlled by private persons.

3. Private enterprise main motive is earning profit.

4. Raises money from issuing shares and debentures or by taking loan

5. Benefits of working :- Good salary package, Competitive environment, Incentives etc.

6. No job Stability

7. Private enterprise involves no rules and regulations.

Public enterprise

1. The section of a nation's economy, which is under the control of government, whether it is central, state or local, is known as the Public enterprise

2. Public enterprise refers to the enterprise owned, manage and controlled by government.

3. Public enterprise main motive is to render service to general public

4. Raises money from public Revenue like tax, duty, penalty etc.

5. Benefits of working :- Job security, Retirement benefits, Allowances, Perquisites etc.

6. Job Stability

7. Public enterprise involves lot of rules and regulations.