answersLogoWhite

0


Best Answer

private business is the business, where more than 50% shares are held by private persons or parties, and ownership remains in the hands of private persons.

public business is the business where more than 50% shares are held by govt whether central or state, and ownership remains in the hands of govt. authourity

User Avatar

Wiki User

14y ago
This answer is:
User Avatar
More answers
User Avatar

Wiki User

15y ago

There are three types of economies, private,public, and mixed. The private sector is established mainly for personal or private profits and is not governed by the state. The public sector is governed by the state only and mixed economy means that both the private and public sector play a role in the economy.

This answer is:
User Avatar

User Avatar

Wiki User

14y ago

In public sector business the cash is managed by the government where as in private sector its up to the promoters,owners or the board of directors.

This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is the differences between private and public owned business?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is the differences between public wants and private wants in business?

The main difference between public wants and private wants in business is the key words private and public. Private is personal clientele and their personal needs such as jets, hotels, and restaurants. Public wants are governments costs, marketing, and such.


What are differences between public enterprise and private enterprise?

check your answer


What are the differences in education between private and public HBCU's?

ghkcghjfndghjdh


What are the Differences between public nuisance and private nuisance?

Well ask yourself what the difference between "public" and "private" is. This isn't rocket science!


What are the differences between a public and private company?

public means anyone private means certain people that already knew about the corporation


Differences between public sector accounting and private sector accounting?

The difference between public sector and private sector is that when you're in the public sector you work for the government whereas private sector is not. Same applies to accounting.


What rare the main differences between public and private sector?

I take it you mean what are instead of what rare. The private sector is owned by the people. The public sector is owned by the government.


Is Asda private or public business?

is nieghter private or public


The differences between a public unviesity and a private?

A major difference between a public university and a private university is price.


What is the difference between business letter and business report?

A business letter is a communication regarding a matter of business to or from a business, public or private organization, or a private person (persons).A business report is a document of organized information prepared for people within a business, organization, or agency, or to the public.


What is the difference between public sector and Private for-profit sector?

The public sector is a government (city, state, national); the private sector is a business. Public sector jobs are publicly-funded (by taxes, for instance) whereas private sector jobs depend on the revenue of the business


What are the differences between private administration and public administration?

The Public Administration Means The Institutions Are Governed By The Public Or Government, And It IsResponsibility Of Government That How To Make Policies.And Private Administration Means That Institution Or Company Or Any Sector Is Governed By The Private Source Or AnyIndividual Person. He Will Be The Supreme Authority Of That Institute And Will Decide How It Deals.