JAMB Exam > JAMB Videos > Economics for JAMB > Public, Private and Global Enterprises
Public, Private and Global Enterprises Video Lecture | Economics for JAMB
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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.
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Dec 22, 2024 Last updated |
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