what is business enterprise explain three board categories private enterprise public enterprise joint enterprise
Answers
Business enterprise refers to a person spotting a business opportunity and setting up a business. Many new businesses aim to meet a specific need or fill a certain gap in the market. To do this, they sell products in the form of goods or services.
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All types of business regardless of its being large or small, manufacturing or trading, privately or government-owned exists in India and across the globe that affects a country’s economy. Indian economy is an amalgamation of both private and government business enterprises, popularly known as the mixed economy. Therefore, the economy is further classified into the private and public sectors.
The private sector or enterprise are the businesses that are owned by a private group or an individual. Different types of businesses under private enterprises are a partnership, sole proprietorship, cooperative, and company.
The sector or enterprises are the businesses that are owned and controlled by the government. Here, a company can be partially or completely managed by the central or state government and participate in many economic activities of a nation.
Joint enterprise is a doctrine of criminal law which permits two or more defendants to be convicted of the same criminal offence in relation to the same incident, even where they had different types or levels of involvement in the incident.
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Business enterprise refers to a person spotting a business opportunity and setting up a business. Many new businesses aim to meet a specific need or fill a certain gap in the market. To do this, they sell products in the form of goods or services.
______________________________________
All types of business regardless of its being large or small, manufacturing or trading, privately or government-owned exists in India and across the globe that affects a country’s economy. Indian economy is an amalgamation of both private and government business enterprises, popularly known as the mixed economy. Therefore, the economy is further classified into the private and public sectors.
The private sector or enterprise are the businesses that are owned by a private group or an individual. Different types of businesses under private enterprises are a partnership, sole proprietorship, cooperative, and company.
The sector or enterprises are the businesses that are owned and controlled by the government. Here, a company can be partially or completely managed by the central or state government and participate in many economic activities of a nation.
Joint enterprise is a doctrine of criminal law which permits two or more defendants to be convicted of the same criminal offence in relation to the same incident, even where they had different types or levels of involvement in the incident.