Question

Discuss any three difference between private sector enterprises and public sector enterprises.

Answer 1

Three differences between public sector and private sector enterprises.

$\begin{array}{cccc}\text{S.No.}& \text{Basis}& \text{Private sector enterprise}& \text{Public sector enterprises}\\ 1.& \text{Ownership}& \text{Private sector enterprises are owned,}& \text{Public sector enterprises are owned,}\\ & & \text{managed by the individuals or group}& \text{managed and controlled by the}\\ & & \text{of person jointly. There is no state}& \text{Government}.\\ & & \text{(Government)participation in the}& \\ & & \text{ownership of such enterprises}.& \\ 2.& \text{Purpose}& \text{Private sector enterprises are established}& \text{Public sector enterprise are}\\ & & \text{with profit motive.}& \text{established to promote and to serve}\\ & & & \text{public interest and public welfare.}\\ 3.& \text{Accountability}& \text{Private sector enterprise are accountable to}& \text{Public sector enterprises are}\\ & & \text{the owners for their performance.}& \text{accountable to general public through}\\ & & & \text{parliament or state legislative.}\end{array}$