Concepts and explanation
Private enterprises are owned by private persons; public enterprises are owned or controlled by government to pursue public objectives alongside efficiency. Departmental undertakings are directly controlled by a ministry; statutory corporations are created by legislation; government companies are incorporated under company law. Multinational corporations coordinate operations across countries. Compare accountability, autonomy, access and commercial discipline.
Business example
A public transport enterprise balances service coverage and financial sustainability; a private operator may prioritise profitable routes unless regulation or a contract requires more.
Case-based practice
- Classify a ministry-run unit, a statutory corporation and an incorporated government company. For each, identify the ownership/control basis and one likely accountability difference.
- Write a short answer that names the relevant concept and applies it to the facts.
Quick revision
Revision cue: Define the term, distinguish it from a related concept and support the answer with a relevant example.