BUSINESS ORGANISATION CONTD
Hey Guyz, Happy New Week hope the weekend was
wonderful for you and your loved ones. I had a Blast myself. I Pray that this
new week brings all kinds of happiness and joy your way in Jesus name- Amen. We
are continuing from where we stopped last time, so let's get started.....
Differences
Between Private and Public Enterprise:
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Private
Enterprises
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Public
Enterprises
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6. Owners
bear losses suffered by private enterprises.
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Tax payers
bear losses suffered by public enterprises.
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7. They
require small amount of capital to set up.
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They
require huge amount of capital to set up.
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8. They
are established by ordinary registration or by incorporation.
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They are
established by acts of parliament.
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Reasons for
the Establishment of Many Private Enterprises in West Africa:
1. Existence of Official Corruption in
Public Enterprises- The existence of official corruption in public
enterprises discourages government from further investment in public enterprises,
thereby giving way for the proliferation of private enterprises in many west
African countries.
