Topic Content:
- Meaning of Public Enterprise
- Examples of Public Enterprises
- Advantages of Public Enterprises
- Disadvantages of Public Enterprises
What are Public Enterprises?
These are set up by the government (State or Federal) not to make a profit, but to provide essential services that are required by the citizens.
They are also known as public corporations. They are established by law to provide services like electricity, communication, transportation, water, hospitals, schools, etc.
They are controlled by a Board of Directors elected by the government. Whenever profits are made, they are paid into the treasury of the government.
Examples of Public Enterprises:
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