Privately-Owned Enterprise
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High Quality Content by WIKIPEDIA articles! A privately-owned enterprise refers to a business that is owned by private investors, shareholders or owners (usually jointly, but they can be owned by a single individual), and is in contrast to state institutions, such as publicly-owned enterprises and government agencies. Private enterprises comprise the private sector of an economy. An economic system that contains a large private sector where privately-run businesses are the backbone of the economy is referred to as capitalism. This contrasts with socialism, where industry is owned by the state…mehr

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High Quality Content by WIKIPEDIA articles! A privately-owned enterprise refers to a business that is owned by private investors, shareholders or owners (usually jointly, but they can be owned by a single individual), and is in contrast to state institutions, such as publicly-owned enterprises and government agencies. Private enterprises comprise the private sector of an economy. An economic system that contains a large private sector where privately-run businesses are the backbone of the economy is referred to as capitalism. This contrasts with socialism, where industry is owned by the state or by all of the community in common. The act of taking assets into the private sector is referred to as privatization. The goal of private enterprise differs from other institutions, the major difference being private businesses exist solely to generate profit for the owners or shareholders.