Class 11 Business Studies - Chapter Private, Public and Global Enterprises NCERT Solutions | What are the differences between Public

Welcome to the NCERT Solutions for Class 11th Business Studies - Chapter Private, Public and Global Enterprises. This page offers a step-by-step solution to the specific question from Extra Questions, Question 6: what are the differences between public and privat....
Question 6

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.

More Questions From Class 11 Business Studies - Chapter Private, Public and Global Enterprises

Popular Questions of Class 11 Business Studies

Write a Comment: