Topic Content:
- Definition of Public Corporations
- Characteristics of Public Corporations
- Objectives of Public Corporations
- Problems of Public Corporations
- Advantages of Public Corporations
- Disadvantages of Public Corporations
A public corporation is a business organisation that is owned and run by the government. This is a unit that is established to provide services to the public and not for profit purposes. The business unit that is controlled or owned by the local government is called a municipal enterprise.
It is established by the act of parliament or decreeA decree is an official order given by a government or by a person with power. For example, the president can issue a decree making a particular day a national holiday.... More. Public corporation is supervised by the federal government and controlled by boards of directors appointed by the government
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