Question:
What are the differences between Public and Private Enterprises?
Answer:
- Ownership: Public enterprises are government-owned; private enterprises are owned by individuals or groups.
- Objective: Public enterprises aim for social welfare, while private enterprises prioritize profit.
- Control: Public enterprises are controlled by government policies, while private enterprises operate independently.
- Accountability: Public enterprises are accountable to the government and public, whereas private enterprises report to their shareholders.
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Popular questions of class 11 Business Studies
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