Question

2. What is the difference between an NGO and a business?​

Answer 1

Answer:

The difference between business and entrepreneurship:

- business: economic activity of people whose goal is profit, income

- entrepreneurship:initiative independent activity of people is carried out on their own behalf, at their own risk and is aimed at making a profit from the use of property, the sale of goods, the provision of services

The difference between an enterprise and a company:

- enterprise: this is an association within the framework of a common capital; it can operate in one industry

- firm: this is an association of equity capital; a diversified structure