Public vs. private enterprise and effects of economic activity on supply chain and resources.
Public enterprise involves the ownership and operation of factors of production by the government. This is in contrast to private enterprise, which characterizes market-oriented economies. In a public enterprise, resources and businesses are controlled by state entities or government bodies.
In terms of economic activity, a company's operations greatly influence its supply chain and resource demand. For instance, the type of society, like in a comandita simple, can impact how partners share responsibilities and debts in a business.
When considering the elements of a company, fundamentals like resources encompass various aspects such as human resources, material resources, financial resources, and technological resources. These elements are essential for a business to function effectively and efficiently.
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