Question

How powers and objective of public corporation defined?

Answer 1

Answer:

ɪᴛ ɪs ᴀɴ ᴀʀᴛɪғɪᴄɪᴀʟ ᴘᴇʀsᴏɴ ᴡɪᴛʜ ᴛʜᴇ ғʟᴇxɪʙɪʟɪᴛʏ ᴏғ ᴛʜᴇ ᴘʀɪᴠᴀᴛᴇ sᴇᴄᴛᴏʀ ᴀɴᴅ ᴛʜᴇ ᴘᴏᴡᴇʀs ᴏғ ᴛʜᴇ ɢᴏᴠᴇʀɴᴍᴇɴᴛ. ᴛʜᴇʏ ᴀʀᴇ sᴇᴛ ᴜᴘ ᴡɪᴛʜ ᴛʜᴇ ᴏʙᴊᴇᴄᴛɪᴠᴇ ᴏғ ᴄᴀʀʀʏɪɴɢ ᴏᴜᴛ ᴀ sᴘᴇᴄɪғɪᴄ ᴛʏᴘᴇ ᴏғ ᴄᴏᴍᴍᴇʀᴄɪᴀʟ ᴀᴄᴛɪᴠɪᴛʏ.

ᴛʜᴇ ᴘᴏᴡᴇʀs ᴀɴᴅ ғᴜɴᴄᴛɪᴏɴs ᴏғ ᴘᴜʙʟɪᴄ ᴄᴏʀᴘᴏʀᴀᴛɪᴏɴs ᴀʀᴇ ᴡᴇʟʟ ᴅᴇғɪɴᴇᴅ ᴀɴᴅ ᴛʜᴇʏ ᴀʀᴇ ғɪɴᴀɴᴄɪᴀʟʟʏ ɪɴᴅᴇᴘᴇɴᴅᴇɴᴛ.

Hope it's helpful.....

Answer 2

Explanation:

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it is an artificial person with the flexibility of the private sector and the powers of the government. They are set up with the objective of carrying out a specific type of commercial activity. The powers and functions of public corporations are well defined and they are financially independent