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melomori [17]
2 years ago
12

Examine four differences between state owned enterprises and private owned enterprises

Social Studies
1 answer:
Marina CMI [18]2 years ago
4 0

A state-owned enterprise is not a business that seeks to maximize profits; a private corporation is. A state-owned company acts in the state's best interests and frequently makes strategic choices on its behalf.

For instance: Because it is in its best interest, a private corporation will buy another business. They think the company they're buying will help them achieve their long-term business objectives and maximize their revenues.

A state-owned company will acquire another business for strategic goals other than financial gain. If it's in the government's best interests, it may buy something completely unrelated to their business model, like a media firm in the US or real estate in Hollywood.

State-owned businesses typically encounter problems with either accounting fraud or political controversy because they are too close to the government. The massive bribery case involving the state-owned oil business (I believe they are legally semi-state-owned) caused the public's trust in politicians to collapse completely.

To learn more about state-owned and private corporation from given link

brainly.com/question/17378046

#SPJ4

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