Question

Healthy Foods Ltd. is a leading marketing company of fruit juices. Its 33% of paid-up share

capital is held by UP Government and 22% of paid-up share capital is held by Delhi

Government. It is established under the provisions of Companies Act, 2013.

Identify the enterprise so set up and explain its any two merits. ​

Answer 1

The given situation shows that  it is a public enterprise .

Merits of public enterprise are :

a) Economies of scale

b) Red tapism minimized

c) autonomy

d) works for social welfare.

 hope this helps you :)