2018 WAEC Commerce Theory In a tabular form, state the differences between public enterprise and public company.

In a tabular form, state the differences between public enterprise and public company.

Differences between public enterprises and public companies
No	Heading	public Enterprise	Public company
1	Formation	It is formed by an Act of parliament	It is incorporated by the promoters according to the company's act.
2	Ownership	It is owned by government/ general public	It is owned by the shareholders
3	Purpose	To provide essential services to the general public	To make profit for the shareholders
4	Management	The government appoints a Board of directors	A Board of directors is elected by shareholders
5	Sources of funds	Provided by government through subventions, subsidies or grants/ tax payer money	It is provided through sales of shares, debentures and credit facilities.