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ADS656 CHAPTER 3 : THE DIFFERENCES BETWEEN PUBLIC ENTERPRISES AND…
ADS656 CHAPTER 3 : THE DIFFERENCES BETWEEN PUBLIC ENTERPRISES
AND PRIVATE ENTERPRISES
PUBLIC SECTOR / MIXED ECONOMIC SYSTEM
OWNED BY GOVERNMENT
E.g. PRIMARY SCHOOL.
E.g. SARAWAK GENERAL HOSPITAL
NOTHING IS PRIVATELY
FINANCIAL SUPPORT FROM GOVT.
NOT MUCH PROFIT IS MADE AS THE AIM TO PROVIDE NEEDED GOODS & SERVICES
PRIVATE SECTOR
OWNED BY INDIVIDUALS
E.g. SUPERMARKETS
E.g. MALLS
GOVERMENT DO NOT INVOLVED.
SAVINGS, LOANS, SELLING OF SHARES & GIFTS TO FINANCE BUSINESS.
A LOT OF PROFIT IS MADE
CHARACTERISTICS OF PUBLIC ENTERPRISES
Managed by the government/controlled by the government departments
Public Services
Financed by Government
NATURE OF PUBLIC ENTERPRISES IN MALAYSIA
Malaysian SOEs can be owned directly or indirectly by the Federal or State governments (Ramaiah (2018).
Direct ownership is facilitated through a Ministry.
Malaysia’s PEs could be grouped by first category comprised of companies that were making money./ Secondly etc.