Question

Explain the role of Municipal Corporation in establishing an enterprise?​

Answer 1

Answer:

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Explanation:

Municipal enterprises are businesses owned by local governments that provide services and typically generate revenue for local communities. Local governments have long operated public utilities and public facilities such as ports, parking lots and airports. Many are now entering fields traditionally dominated by private companies. This is motivated in part by political resistance to tax increases and new user fees as cash-strapped municipalities seek to raise revenues, as well as public pressure to create jobs as the economy has faltered.