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Advantages
1. Free entry and exit at ones will which means it is ok to try.
2. Capital requirement depends on the need of ones self and not pre-set.
3. Allow for competition thus provide are room for the necessity of excellence to maintain market position
4. It adopts easily to changes due to less bureaucracy.
Disadvantages.
1. Too compertative
2. Aims at the maximization of profit rather than customer satisfaction.
Pamela Ferry
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What are the advantages and disadvantages of public finance?
Difficult in pricing
What are the advantages and disadvantages of allocating resources through the public sector?
The advantage of allocating resources in the public sector is that resources can be produced based on demographic needs. The disadvantage of allocating resources is that there is room for corruption if the wrong individuals are chosen.
What is advantage of public sector to private sector jobs?
Accountability and Transparency.
What are the disadvantages of a public limited sector?
hello mate
Advantages and disadvantages of commitment basis of accounting in public sector?
Yes
What are some advantages and disadvantages of postal service being a private sector?
The most advantage from postal service being in the private sector is that it would ensure faster, customer-friendly service to the common people. However, the public utility service i.e. Postal Service being in the hands of the private sector, they would not hesitate to enhance postal fees on frequent occasions.
Is the police a public sector?
public sector
What is public sector budgeting?
A sector in which the public can budget
What can public sector and private sector learn from each other?
The public sector can learn efficiency and innovation from the private sector, while the private sector can learn about accountability and transparency from the public sector. Both sectors can benefit from sharing best practices in areas such as customer service and resource management.
What are the Advantages and disadvantages of public debt?
The biggest disadvantage of public debt is the fear of it leading to excessive inflation. The advantage of public debt is the leveraging of public assets to provide services.
Why is it necessary for the public sector to exist?
the public sector necessity
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.
