Public, Private and Global enterprises | Chapter 3 | Business Studies | Class 11 | Part 1
Rajat Arora・2 minutes read
The text covers the recipe for spaghetti carbonara and provides step-by-step instructions for making the dish. Additionally, it delves into Chapter 3 of business studies, focusing on public, private, and global enterprises in India, including their features, merits, and demerits.
Insights
- The 100 days commerce pro series focuses on completing the syllabus of accounts, business studies, and economics, with Chapter 3 of business studies covering public, private, and global enterprises. India's mixed economic system combines socialist and capitalist elements, with public sector enterprises being government-owned and managed, while private sector enterprises operate without government involvement.
- Public sector enterprises in India, such as departmental undertakings, statutory corporations, and government companies, have features like public accountability, government funding, and employee status. Departmental undertakings offer merits such as revenue for the government and national security support, but face challenges like inflexibility, red tape, and corruption due to political interference.
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Recent questions
What is the focus of Day 19 in the commerce pro series?
Completing syllabus of accounts, business studies, and economics
What are the main types of public sector enterprises?
Departmental undertakings, statutory corporations, government companies
What are the features of departmental undertakings?
Public accountability, government funding, employee status
What are the merits of departmental undertakings?
Public accountability, revenue generation, national security support
What are the demerits of departmental undertakings?
Inflexibility, lack of business opportunities, red tape, political interference, corruption
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