Class 11 Business Studies — Chapter 3: PRIVATE, PUBLIC AND GLOBAL ENTERPRISES

What you'll learn

• ▸The Mixed Economic System in India
• ▸Forms of Public Sector Enterprises
• ▸Departmental Undertakings
• ▸Changing Role of the Public Sector
• ▸Global Enterprises (Multinational Corporations)
• ▸Characteristics of Public Enterprises

Chapter Summary

--- PAGE 1 --- CHAPTER 3 PRIVATE, PUBLIC AND GLOBAL ENTERPRISES LEARNING OBJECTIVES After studying this chapter, you should be able to: * explain the concept and characteristics of business; * explain the features of different forms of public enterprises viz., departmental, statutory corporations and government companies; * critically examine the changing role of the public sector; * explain the features of global enterprises; and * appreciate the benefits of joint ventures. Reprint 2025-26 --- PAGE 2 --- 58 BUSINESS STUDIES Anita, a student of Class XI, was going through some newspapers. The headlines stared at her face, Government plans to disinvest its shares in a few companies. The next day there was another news item on one public sector company incurring heavy losses and the proposal for closing the same. In contrast to this, she read another item on how some of the companies under the private …

Practice Questions from this Chapter

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1. Explain a mixed economy. Get Solution →
2. Compare private and public businesses. Get Solution →
3. Illustrate a global company's reach. Get Solution →
4. According to the text, what type of economy does India have, characterized by the co-existence of privately and government-owned enterprises? Get Solution →
5. What does the chapter identify as the oldest and most traditional form of organising public enterprises? Get Solution →
6. How are Departmental Undertakings primarily funded? Get Solution →
7. What are businesses that operate in more than one country called? Get Solution →
8. How is a Statutory Corporation brought into existence? Get Solution →

Did you know?

• 💡 The East India Company was a private global enterprise with its own army and navy.
• 💡 Many nations have a national airline that is partly or wholly owned by their government.
• 💡 The world's oldest existing company is Japanese and has been building temples since 578 AD.
• 💡 Some global companies operate in more countries than the United Nations has member states.
• 💡 Governments worldwide own a vast amount of land, resources, and businesses, affecting everyone.

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