Public, Private and Global enterprises | Chapter 3 | Business Studies | Class 11 | Part 1
Rajat Arora・13 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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Summary
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Classic Spaghetti Carbonara Recipe
- Recipe for classic spaghetti carbonara
- Ingredients: spaghetti, eggs, pecorino cheese, guanciale, black pepper
- Boil spaghetti until al dente
- Cook guanciale until crispy
- Whisk eggs with grated pecorino cheese and black pepper
- Drain spaghetti and mix with guanciale
- Add egg mixture to spaghetti off the heat
- Stir quickly to coat spaghetti in creamy sauce
- Serve immediately garnished with extra cheese and pepper
00:00
"Public vs. Private Enterprises in India"
- Day 19 of the 100 days commerce pro series focuses on completing the syllabus of accounts, business studies, and economics.
- Chapter 3 of business studies is the current topic, to be finished in two classes.
- The chapter delves into public, private, and global enterprises or multinational companies.
- The mixed economic system in India combines socialist and capitalist elements.
- Private sector enterprises are run by individuals or groups without government involvement.
- Public sector enterprises are government-owned and managed, either partly or wholly.
- Three main types of public sector enterprises are departmental undertakings, statutory corporations, and government companies.
- Departmental undertakings are the oldest form of public enterprise, managed by government ministries.
- Features of departmental undertakings include public accountability, funding from the government treasury, and government employee status.
- Merits of departmental undertakings include public accountability, revenue for the government, and national security support, while demerits include inflexibility, lack of business opportunities, red tape, political interference, and corruption.
