are government corporation considered business? why or why not?
Answers
Answered by
4
Explanation:
Yup. In essence, a government corporation is a normal business, with all shares owned by some public authority. In practice there will be some differences: legal position of employees.
Answered by
4
Yes, government corporations are considered businesses. These are created by the government of the country which carries out various commercial activities.
- The main motive of these corporations is service to the society but they also earn some amount of profit. Thus they can be considered a business.
- This type of Corporation is formed by the government. It has its separate legal entity and can buy sell or own property.
- This type of corporation is managed by a board of directors who are chosen by the government.
- The employees and the CEO are also chosen by the government.
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