ZIMSEC O Level Commerce Notes: Public and Private enterprises

Private enterprises

  • Businesses owned by private individuals or a group of individuals.
  • Found under the private sector.
  • Formed in order to make profit.
  • Include sole traders, partnerships, private limited companies, multinational corporations and trade associations.

Public enterprises

  • businesses organised and controlled by government on behalf of its citizens.
  • Found under the public sector.
  • Provide essential goods and services at competitive and affordable prices.
  • Have no profit making motive.
  • Include public corporations, (parastatals), local authorities and public utility corporations.

To access more topics go to the Commerce Notes page.

Quick NetOne, Telecel, Africom, And Econet Airtime Recharge

If anything goes wrong, click here to enter your query.