JAMB Exam  >  JAMB Videos  >  Economics for JAMB  >  Public, Private and Global Enterprises

Public, Private and Global Enterprises Video Lecture | Economics for JAMB

162 videos|102 docs|66 tests

Top Courses for JAMB

FAQs on Public, Private and Global Enterprises Video Lecture - Economics for JAMB

1. What is the difference between a public, private, and global enterprise?
Ans. A public enterprise is owned and operated by the government, with the primary objective of providing essential services to the public. A private enterprise, on the other hand, is owned and operated by individuals or corporations for profit-making purposes. A global enterprise refers to a business that operates in multiple countries and has a global presence, often with operations and subsidiaries in different parts of the world.
2. How are public enterprises funded?
Ans. Public enterprises are typically funded through various sources. These may include government grants, subsidies, revenue generated from the services they provide, and sometimes even loans from financial institutions. The government often plays a crucial role in financing public enterprises to ensure their sustained operations and service provision.
3. What are some examples of public enterprises?
Ans. Public enterprises can vary across countries, but some common examples include national airlines, public transportation systems, public utilities (such as water and electricity supply), and government-owned banks. These enterprises are typically established to serve the public interest and provide essential services.
4. How do private enterprises differ from public enterprises?
Ans. Private enterprises are owned and operated by individuals or corporations for profit-making purposes. Unlike public enterprises, private enterprises are not directly governed by the government and have more autonomy in decision-making. They rely on private funding sources such as investments, loans, and revenue generated from their products or services.
5. What are the advantages of global enterprises?
Ans. Global enterprises enjoy several advantages, including expanded market reach, access to diverse talent pools, and potential cost savings through economies of scale. By operating in multiple countries, global enterprises can tap into new customer bases, leverage local expertise, and optimize their supply chains. Additionally, global enterprises often benefit from increased brand recognition and the ability to adapt to different market conditions.
162 videos|102 docs|66 tests
Explore Courses for JAMB exam
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev
Related Searches

Private and Global Enterprises Video Lecture | Economics for JAMB

,

mock tests for examination

,

practice quizzes

,

Free

,

Objective type Questions

,

study material

,

shortcuts and tricks

,

Public

,

Sample Paper

,

video lectures

,

MCQs

,

Semester Notes

,

Public

,

Extra Questions

,

Previous Year Questions with Solutions

,

ppt

,

Viva Questions

,

Private and Global Enterprises Video Lecture | Economics for JAMB

,

Private and Global Enterprises Video Lecture | Economics for JAMB

,

past year papers

,

Summary

,

pdf

,

Important questions

,

Public

,

Exam

;