difference between a public and in private enterprise

[Axis]

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.

 

[Mastergp]

If one look around his or her environment we will see that most business established in our locations are either private and public business, one could venture into private business reason why I say so is because of what they really mean:first what is public business ublic business or enterprise are own and manage by the government they are in charge in the employment if workers and employee into the firm, we have some of this company etc but this fact is different when it comes to providing business or enterprises the are own by private individuals and in this fact the may be room for competition between different firm so as to grow such business, but this is different, government firm do not fall or collapse do to income but private fall if management skills or roles are not played in the right way.
But another thing is that most of this private organization keep strict watch on their workers and see there improvement and also if a worker is not rendering his services he would be sacked and fired from work but this different with public enterprise.

 

[Mhiz chibuzor]

Public banks and private banks differ in their ownership, governance, objectives, and services. Here are some key differences between public banks and private banks:

1. Ownership:

• Public banks are owned and operated by the government or state authorities. They are established to serve the public interest and may have a social or developmental mandate.
• Private banks are owned by individuals, shareholders, or corporations. They operate for profit and are driven by market forces and shareholder interests.

2. Governance:

• Public banks are subject to government regulations, oversight, and accountability. Their operations are often influenced by government policies and priorities.
• Private banks operate independently and are governed by their board of directors and management team. They have more autonomy in decision-making and strategy.

3. Objectives:

• Public banks may have social, developmental, or financial inclusion objectives. They may focus on providing affordable banking services to underserved populations, supporting economic development, or promoting financial stability.
• Private banks aim to maximize profits and shareholder value. They focus on attracting customers, generating revenue, and managing risks to ensure financial sustainability.

4. Services:

• Public banks may offer a wide range of banking services, including basic savings and checking accounts, loans, and financial assistance programs. They may prioritize serving the public good over profitability.
• Private banks typically offer a full suite of banking and financial services tailored to individual, corporate, and institutional clients. They may provide personalized wealth management, investment advisory, and specialized financial products.

Overall, public banks and private banks play distinct roles in the financial system, with public banks often emphasizing social responsibility and public service, while private banks prioritize profitability and market competitiveness.

 

[Mhiz chibuzor]

Public and private enterprises are two distinct types of organizations with different ownership structures, objectives, sources of funding, and levels of government involvement. Here are some key differences between public and private enterprises:

1. Ownership:

• Public Enterprise: Public enterprises are owned and operated by the government or state authorities. They are established to serve the public interest and may have a social or developmental mandate.
• Private Enterprise: Private enterprises are owned by individuals, shareholders, or corporations. They operate for profit and are driven by market forces and shareholder interests.

2. Objectives:

• Public Enterprise: Public enterprises may have social, developmental, or public service objectives. They may focus on providing essential services, promoting economic development, or addressing societal needs.
• Private Enterprise: Private enterprises aim to maximize profits and shareholder value. They focus on generating revenue, attracting customers, and achieving financial sustainability.

3. Funding:

• Public Enterprise: Public enterprises are funded by government allocations, subsidies, or public funds. They may receive financial support from taxpayers or government grants to fulfill their objectives.
• Private Enterprise: Private enterprises are funded by private capital, investments, loans, and revenue generated from their operations. They rely on market mechanisms to raise funds and sustain their business activities.

4. Governance:

• Public Enterprise: Public enterprises are subject to government regulations, oversight, and accountability. Their operations are influenced by government policies, priorities, and public interest considerations.
• Private Enterprise: Private enterprises operate independently and are governed by their board of directors, management team, and shareholders. They have more autonomy in decision-making and strategy.

5. Competition:

• Public Enterprise: Public enterprises may operate in sectors with limited competition or where government intervention is necessary to provide essential services. They may have a monopoly or dominant position in certain industries.
• Private Enterprise: Private enterprises operate in competitive markets where they must compete with other businesses to attract customers, innovate, and achieve profitability.

Overall, public and private enterprises play different roles in the economy and society, with public enterprises often focusing on public service and social objectives, while private enterprises prioritize profitability and market competitiveness. The choice between public and private enterprise depends on factors such as ownership structure, objectives, funding sources, and regulatory environment.