Question

Write short Notes on the following.

Features of public Enterprises.

Answer 1

Main features of public enterprises:
i. State ownership: The ownership of public enterprises is controlled by the central or the state government.

ii. Public accountability: Public enterprises are accountable to people, as they operate through public money.

iii. Financed by government: Public enterprises are financed through budgetary allocation or investments by the government.

iv. Objective: The main objective of these enterprises is the promotion of public welfare.