Axis
Valued Contributor
there are variety of differences between a public and a private enterprise
any private enterprise the businesses are being owned by individuals while in the public enterprises it is owned by the government. the main objective of a private enterprise is to maximize and net profit but in a public Enterprise the main objective or aim is to provide services for the people at large. Monopoly and not been enjoyed by those participating in a private Enterprise while in a public Enterprise they do enjoy some form of Monopoly. some form of the private enterprise require low amount of capital to set up but every public Enterprise requires large amount of capital because it is a large-scale business. in a private enterprise the is efficiency in management of the business, well in public enterprises the efficient in the management of the business is low due to some factors like political instability which can lead to warfare and so on
the ones who bear the losses in a private enterprise are the owners of the business but in the public sector it is those that pay the taxes are the ones that bear the losses instead of the government itself.
the capital needed to set up a business in the private enterprise is being provided by the individuals who own the business but in the aspect of the public Enterprise the capital are being provided and supplied by the government.
any private enterprise the businesses are being owned by individuals while in the public enterprises it is owned by the government. the main objective of a private enterprise is to maximize and net profit but in a public Enterprise the main objective or aim is to provide services for the people at large. Monopoly and not been enjoyed by those participating in a private Enterprise while in a public Enterprise they do enjoy some form of Monopoly. some form of the private enterprise require low amount of capital to set up but every public Enterprise requires large amount of capital because it is a large-scale business. in a private enterprise the is efficiency in management of the business, well in public enterprises the efficient in the management of the business is low due to some factors like political instability which can lead to warfare and so on
the ones who bear the losses in a private enterprise are the owners of the business but in the public sector it is those that pay the taxes are the ones that bear the losses instead of the government itself.
the capital needed to set up a business in the private enterprise is being provided by the individuals who own the business but in the aspect of the public Enterprise the capital are being provided and supplied by the government.