Public, Private and Global Enterprises – NCERT Class 11 Business Studies Chapter 3 Summary

Public, Private and Global Enterprises – NCERT Class 11 Summary

Public, Private and Global Enterprises – NCERT Class 11 Summary

This chapter helps students understand the role of different types of enterprises in an economy – public, private, and global. Each sector has unique characteristics, objectives, and areas of operation.

🔹 1. Private Sector Enterprises

  • Owned and managed by private individuals or groups.
  • Main objective: Profit-making.
  • Examples: Reliance, Infosys, Tata Group
  • Includes: Sole proprietorship, Partnership, Company, Cooperative society.

🔹 2. Public Sector Enterprises

  • Owned and operated by the government.
  • Objective: Serve the public, develop infrastructure, social welfare.
  • Examples: Indian Railways, BSNL, LIC
  • Forms of Public Enterprises:
    • Departmental Undertakings: Managed directly by government departments (e.g., Railways, Post Office).
    • Statutory Corporations: Formed by an act of Parliament, autonomous (e.g., LIC, RBI).
    • Government Companies: At least 51% shares owned by government (e.g., SAIL, ONGC).

🔹 3. Global Enterprises (Multinational Corporations – MNCs)

  • Operate in multiple countries with headquarters in one nation.
  • Large capital investment and advanced technology.
  • Example: Google, Apple, Nestlé, Toyota.
  • Play a major role in global trade and employment.

🔹 Key Differences

Aspect Public Sector Private Sector Global Enterprises
Ownership Government Private Individuals/Groups Multinational Companies
Objective Public Welfare Profit Maximisation Global Reach and Profit
Examples LIC, ONGC Infosys, Tata Apple, Nestlé

📌 Conclusion

All three sectors – public, private, and global – are essential for the balanced growth of the economy. They work together to provide employment, infrastructure, services, and innovation across industries and countries.

🔖 Labels:

Business Studies, NCERT Class 11, Public Enterprises, Private Enterprises, Global Enterprises, Chapter 3, MNCs, Government Companies

Post by YourBlogName | Based on NCERT Class 11 Business Studies Chapter 3

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