Week 03 - CLASSIFICATION OF BUSINESS ENTERPRISES IN A MIXED ECONOMY.docx

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CLASSIFICATION OF BUSINESS ENTERPRISES IN A MIXEDECONOMYClassification of Business Enterprisesin a Mixed EconomyMixed EconomyThe economic system of a country that has both private and public sectors is known as the MixedEconomy.Private SectorPrivate sector business is basically controlled by private individuals who mostly work to earn theprofit. They are free to take decisions on their own regarding what to produce, how to produce,how much to produce and what price should be charged, etc. they may take all these decisionswithout any government interference. Private businesses just follow the rules and regulations setby governments.Public SectorThere are some sectors which are in the control of the government almost all over the world.Government officials or ministries run these organizations on their own or by professionals butmost of the decisions are taken by the governments. Some departments are directly run by

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Term
Spring
Professor
McDonald
Tags
Economics, Business, Government, Business Enterprises

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