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Public sector and private sector

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Public sector and private sector

Posted by Aashish Kumar 5 years ago

CBSE > Class 11 > Business Studies

1 answers

Gaurav Seth 5 years ago

PRIVATE SECTOR ENTERPRISES

The private sector consists of business owned by individuals or a group of individuals. The varios forms of organisation are- sole proprietorship, partnership, joint hindu family, cooperative and company.

PUBLIC SECTOR ENTERPRISES

Meaning: The public sector consists of various organizations owned and managed by central or State or by both governments. The govt. participates in economic activity of the country through these enterprises.

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