compare the company form of organisation with the statutory corporation. which of the two would you recommend for managing public enterprises and why?
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Usually people prefer the statutory corporation for the formation of a public enterprises.
Step by step explanation:
- A public enterprises an be defined as a business organisation which is completely or partially owned, controlled and managed by the state or central government.
- The public enterprises provide services and goods to the general public at very reasonable prices.
- A company form of organisations which is also known as joint stock company refers to an elective association of people established generally for undertaking several business ventures, whether commercial or industrial.
- A statutory corporation can be defined as a corporation created solely by the state government through a unique act of parliament. Such corporations are solely financed by the government.
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