the diffirence between public and private enterprise?

Question

the rational behind private sector profit drive of production

Answer 1

Private enterprise strives to make profits for the owners/shareholders
Public enterprise provides goods and services on behalf of the public as a whole and is not in the 'business' of making profit on behalf of the stakeholders.

Answer 2

I dont think you mean public and private enterprise I think you mean private enterprise vs the public sector. That's because enterprise means running a business for profit. A good example would be the railways, which were originally private companies, run for profit and paid a dividend to shareholders. Then the railways were nationalised, so they were run for the benefit of everyone, no profits, no shareholders, but the gov. failed to invest in them. Then Thatcher sold it all off again, and separated the management of the track and infrastructure from the operating companies. This was crazy and the results were catastrophic. Railtrack (google it) went down the pan and the infrastructure was placed in the care of Network Rail, which is a very rare beast, a not for dividend company. The actual running of trains was handed to rail operating companies which just today announced yet another hike in fares, claiming they are using the money to buy new trains. Ho ho ho. They are private companies and their directors have to please their shareholders ie make a profit. So you could say private coys exist to make profit, public sector organisations dont, but there are some hybrids ie Network rail can make a profit but doesnt pay it out. Now you're asking, if the public sector operations have no shareholders, who shall own their assets? The answer of course is the state, but the state is owned by the people, most of whom are workers, thus nationalised industries come very close to the idea of workers owning the means of production! Hooray! But careful how you word this in your essay. You really dont need to be a revolutionary socialist to see the benefits of state ownership, you only need to have been alive in 1965, but sadly there are still some teachers who read the Daily Mail, so watch it.

Answer 3

public enterprise are non profit making bodies,whereas, private sectors are profit making organisation.
public entersprise is owned by the government,and private is owned by shareholders.

Answer 4

private sector enterprise is in the business for profit

public sector enterprise is in the business for the greater good of the public and thusly are not-for-profit; a legitimiate tax business condition

Answer 5

A private enterprise can only sell shares to friends and family whereas a public enterprise floats its shares on the stock market so that anybody can buy them.

Answer 6

think one is for one private owner and the public one might have a few share holders or owners