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What is the differences between private and public owned business?
Wiki User
∙ 14y ago
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
Wiki User
∙ 14y ago
Wiki User
∙ 15y agoThere 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.
Wiki User
∙ 13y agoIn 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.
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