Public and private sector enterprises
Private enterprises are motivated primarily by consideration of profit. There fore, these enterprises operate mainly in those areas of economic activities which offer a regular and steady return and capital investment.
On the other state enterprises are guided by several socio economic and political objectives. They cover a wide spectrum of operation with little regard for considerations of profit.
A state enterprise is owned by the central government and or one or more state government either singly or joints. On the contrary, the ownership of a private enterprise vests in one or more private individuals or corporate bodies.