3. PRIVATE SECTOR ENTERPRISES
THESE ARE THE ENTERPRISES
WHICH ARE OWNED , MANAGED
AND CONTROLLED BY THE
INDIVIDUALS OR A GROUP OF
INDIVIDIUALS.
4. PUBLIC SECTOR ENTERPRISES
THESE ARE THE ENTERPRISES
WHICH ARE OWNED , MANAGED
AND CONTROLLED BY THE
GOVERNMENT.
5. DEPARTMENTAL UNDERTAKINGS
Oldest n Traditional Organisation
Activities perform by govt are integral
part.
• Merits- effective control ,national
security , high degree of public
accountability.
• Demerits- red tapism,political
interference,fail to take prompt
decision.
6. STATUTORY CORPORATION
Bought by SPECIAL ACT
Act defines rules n regulations
• Merits- autonomous organisations
,economic development
• Demerits-anti social practices,
reduce freedom, political
interference.
7. GOVERNMENT COMPANY
According to Indian Companies Act
Not less than 51% paid up capital
• Merits- separate entity ,full
autonomy,reduce unfair practices
• Demerits-main purpose defeated , govt
sole shareholder, not accountable
directly