‘Government participation in business and economic sectors of the country need some kind of organizational framework to function’. Describe in brief the three forms of business organizations through which the government maintains itself in the economy.
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The public sector is that part of a country’s economy that is effectively controlled by the government. This includes central government, state government as well as local government bodies. The public sector includes public companies, entities and public enterprises and services. An excellent example of the public sector is the Indian Railways. The Indian railway system is 100% owned and managed by the state.
The public sector is that part of a country’s economy that is effectively controlled by the government. This includes central government, state government as well as local government bodies. The public sector includes public companies, entities and public enterprises and services. An excellent example of the public sector is the Indian Railways. The Indian railway system is 100% owned and managed by the state.Now, these enterprises in the public sector need to be given some structure. They need clear ideas about their funding and their spending. We call this the organizing of the public sector. So depending on the nature of its operations the enterprise of the public sector can follow one of the following forms of organisation
The public sector is that part of a country’s economy that is effectively controlled by the government. This includes central government, state government as well as local government bodies. The public sector includes public companies, entities and public enterprises and services. An excellent example of the public sector is the Indian Railways. The Indian railway system is 100% owned and managed by the state.Now, these enterprises in the public sector need to be given some structure. They need clear ideas about their funding and their spending. We call this the organizing of the public sector. So depending on the nature of its operations the enterprise of the public sector can follow one of the following forms of organisationDepartmental Organisation
The public sector is that part of a country’s economy that is effectively controlled by the government. This includes central government, state government as well as local government bodies. The public sector includes public companies, entities and public enterprises and services. An excellent example of the public sector is the Indian Railways. The Indian railway system is 100% owned and managed by the state.Now, these enterprises in the public sector need to be given some structure. They need clear ideas about their funding and their spending. We call this the organizing of the public sector. So depending on the nature of its operations the enterprise of the public sector can follow one of the following forms of organisationDepartmental OrganisationPublic/ Statutory Organisation
The public sector is that part of a country’s economy that is effectively controlled by the government. This includes central government, state government as well as local government bodies. The public sector includes public companies, entities and public enterprises and services. An excellent example of the public sector is the Indian Railways. The Indian railway system is 100% owned and managed by the state.Now, these enterprises in the public sector need to be given some structure. They need clear ideas about their funding and their spending. We call this the organizing of the public sector. So depending on the nature of its operations the enterprise of the public sector can follow one of the following forms of organisationDepartmental OrganisationPublic/ Statutory OrganisationGovernment Organization
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