Accountancy, asked by safalspirit3437, 6 months ago

Write any five difference between government office and business office.

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Answered by archnaBHAVSAR
13

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Answered by brainlysme2
7

1. "Government" refers to the structure and institutions that rule and manage a society or country, whereas "business" is a systemic organisation that provides industries, services, goods, and profits to people.

2.Governments have a broader scope of authority than corporations. Governments also have a plethora of entities dedicated to providing public services. The institution instils a sense of equality as well as a sense of belonging to a country. Businesses, on the other hand, give people the chance to use their skills and talents to generate money.

3.The government has complete control over all enterprises. In exchange for taxes, the government gives the firm with the opportunity and legality to profit. Many business laws implement and incorporate government regulations governing commerce, operations, and transactions

4.The head or leader of a government is elected based on the nature or system of government in a society, which is usually stated in the country's Constitution. Unless another entity removes the owner for various reasons, the owner or entrepreneur is generally the leader of a business.

5.A company makes money by selling goods and services and utilising a market as its target recipients (of goods and services). A government, on the other hand, makes money by collecting taxes from qualifying employees, businesses, and other entities. Governments can also make money by charging a transaction charge for certain services provided by various government organisations and offices. To enhance its assets, a government can also purchase enterprises or firms.

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