Question

account for the popularity of government company as a form of organisation for public enterprises in indua.​

Answer 1

Answer:

Public enterprise stands for a concern owned and managed by the State or any other public authority. It also broadly refers to nationalized industries and institutions, which are engaged in production or supply of services.

In recent years, the Central and State Governments in India have established many public enterprises conforming to the Industrial Policy Resolutions of 1948 and 1956. The trend also has been in the direction of expanding the public sector. In view of this, the public enterprises are expected to play a much greater role in the coming years.