BuyFindarrow_forward

Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364

Solutions

Chapter
Section
BuyFindarrow_forward

Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364
Textbook Problem

The chapter defines private enterprise as a characteristic of market-oriented economies. What would public enterprise be? Hint: It is a characteristic of command economies.

To determine

The definition of a public enterprise if it is a characteristic of market-oriented economics.

Explanation

Public enterprise is an enterprise wholly or partly owned by the state and controlled through a public authority. The government not only owns and manages but also determines the primary objective of such an enterprise. In such organizations, the factors of production (resources and businesses) are owned and operated by the government to ensure social welfare in the interest of the general public.

Public enterprise can also be considered as a characteristic of command economies...

Still sussing out bartleby?

Check out a sample textbook solution.

See a sample solution

The Solution to Your Study Problems

Bartleby provides explanations to thousands of textbook problems written by our experts, many with advanced degrees!

Get Started

Additional Business Solutions

Find more solutions based on key concepts

Show solutions add

Why do economists sometimes offer conflicting advice to policymakers?

Principles of Microeconomics (MindTap Course List)

MIRR A project has the following cash flows: This project requires two outflows at Years 0 and 2, but the remai...

Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)

What is business intelligence (BI)?

Accounting Information Systems

Why is it smart to remain cool when making a claim, and how should one go about it?

Essentials of Business Communication (MindTap Course List)

How is organization height related to the span of management?

Foundations of Business (MindTap Course List)