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A privately owned enterprise is a commercial enterprise owned by private investors, shareholders or owners (usually collectively, but they can be owned by a single individual), and is in contrast to state institutions, such as publicly owned enterprises and government agencies. Private enterprises comprise the private sector of an economy
This is a list of the world's largest non-governmental privately held companies by revenue.This list does not include state-owned enterprises like Sinopec, State Grid, China National Petroleum, Kuwait Petroleum Corporation, Pemex, Petrobras, PDVSA and others.
States legally regulate the private sector. Businesses operating within a country must comply with the laws in that country. In some cases, usually involving multinational corporations that can pick and choose their suppliers and locations based on their perception of the regulatory environment, local state regulations have resulted in uneven practices within one company.
Privatization is the process of transferring ownership of a business, enterprise, agency, charity or public service from the public sector (the state or government) or common use to the private sector (businesses that operate for a private profit) or to private non-profit organizations.
Private spaceflight companies include non-governmental or privately-owned entities focused on developing and/or offering equipment and services geared towards spaceflight, both robotic and human. This list includes both inactive and active entities.
Concentration of wealth: profits from successful enterprises end up in private hands instead of being available for public use. Political influence: governments may more easily exert pressure on state-owned firms to help implement government policy. Profit: private companies do not have any goal other than to maximize profits.
A state-owned enterprise (SOE) is a business entity created or owned by a national or local government, either through an executive order or legislation.SOEs aim to generate profit for the government, prevent private sector monopolies, provide goods at lower prices, implement government policies, or serve remote areas where private businesses are scarce.
State-owned enterprises such as Vale do Rio Doce, Telebrás, CSN, and Usiminas (most of them mixed-economy companies) were transferred to the private sector as part of this policy. Brazil State Owned Companies Fact Sheet / Download from the planejamento.gov.br website.