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Question

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


Solution

Three differences between public sector and private sector enterprises.

S.No.BasisPrivate sector enterprisePublic sector enterprises1.OwnershipPrivate sector enterprises are owned,Public sector enterprises are owned,managed by the individuals or groupmanaged and controlled by theof person jointly. There is no stateGovernment.(Government)participation in the ownership of such enterprises.2.PurposePrivate sector enterprises are establishedPublic sector enterprise arewith profit motive.established to promote and to servepublic interest and public welfare.3.AccountabilityPrivate sector enterprise are accountable toPublic sector enterprises arethe owners for their performance.accountable to general public throughparliament or state legislative.


Business Studies

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