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Wahid Shankar
Asked: 2022-11-04T17:43:22+05:30 In:

Distinguish between private enterprises and public enterprises.

Distinguish between private enterprises and public enterprises.

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  1. There are many differences between a private enterprise and s state enterprise. The main differences are:

    Private Enterprises State Enterprises or Public Enterprises
    1. A private enterprise enjoys more flexibility of operations. 1. A state enterprise does not enjoy flexibility of operations
    2, A private enterprise is considered to be more efficient. 2. A state enterprise is not as efficient as a private enterprise in not as efficient as a private enterprise.
    3. A private enterprise is free from political interference. 3. A state enterprise may not be completely free from political interference.
    4. Private enterprises often result in exploitation of laborers. 4. State enterprises give a fair deal to laborers.
    5. A private enterprise is owned and managed by private individual or individuals. 5. A state enterprise is owned and managed by the Government.
    6. A private enterprise is organized for the benefit of a few private individuals. 6. A state enterprise is organized for the benefit or the public at large.
    7. A private enterprise may be small or large in size. 7. A state enterprise is usually large in size.
    8. Profit is the main motto of a private enterprise. 8. Service is the main motto of a state enterprise.
    9. A private enterprise may not come forward to undertake risky ventures. 9. A state enterprise often undertakes risky ventures avoided by the private enterprises.
    10. Private enterprises lead to concentration of wealth and income in the hands of a few individuals. 10. State enterprises lead to distribution of wealth and income among the entire public.
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