Question

Explain public enterprises? Explain it's features?

Answer 1

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Public enterprises are business organizations established and run by the government. It has some distinct features or characteristics such as government ownership and control, main motive of service, autonomy, continuity etc.

Answer 2

Public sector enterprises are the firms that are managed and controlled by government authorities and agencies.

Explanation:

• Public sector enterprises are the ones that are managed and controlled by government authorities.
• These enterprises work for the benefit of the public and ensure the welfare of the customers. Due to this, the services provided by public sector are very cheap and affordable in rate.
• The common features of public enterprises include government control, working for the service of the public, delay in decision making, funding from public authorities, etc.