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Ddistinction between Public Enterprises and Private Enterprises.

Distinction between Public Enterprises and Private Enterprises

The following are the fundamental difference between public enterprises and private enterprises.

Public Enterprises

  • These are established with the objective of rendering service to the people.
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  • It minimizes concentration of wealth in the hands of few persons.
  • These are formed with social interest.
  • it prevents regional imbalanced growth of industries.
  • It is free from exploitation motive and as such the consumers and the employees are given a fair dealings.
  • There is no shortage of capital to undertake risky and costly projects.
  • It undertakes all sorts of industries irrespective of its nature.
  • It can be operated on large scale and can attain gigantic size.

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Private Enterprises

  • These are established with the predominant objective of earning profit.
  • It lends to concentration of wealth in the hands of few persons.
  • These are formed with personal interest.
  • It develops regional imbalances in the growth of industries.
  • It is not free from exploitation motive and the consumers and the employees are not given a fair dealings.
  • It feels insufficiency of capital to undertake risky and costly projects.
  • It undertake those consumer goods industries where profit earning scope is high.
  • It can be operated on large scale and cannot attain gigantic size.
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