Question

Distinguish between private sector enterprises and public sector enterprises.

Answer 1

$\begin{array}{ccc}\text{Basis}& \text{Private Sector}& \text{Public Sector}\\ & \text{Enterprise}& \text{Enterprise}\\ 1.\text{Ownership}& \text{It is owned and managed by}& \text{It is owned by the}\\ & \text{private individuals.}& \text{government.}\\ 2.\text{Objective}& \text{The private sector enterprises}& \text{The PSE work with the main}\\ & \text{work with the main objective}& \text{objective of providing}\\ & \text{of earning profits.}& \text{service to public.}\\ 3.\text{Government control}& \text{It is not subject to strict}& \text{It is subject to strict financial}\\ & \text{financial control by the government.}& \text{contorl by the government.}\\ 4.\text{Accountability}& \text{The private sector enterprise}& \text{The public sector enterprise accountability is}\\ & \text{accountability is towards}& \text{towards public through}\\ & \text{their owners.}& \text{Parliament/State Legislative.}\end{array}$