Question

state any four advantage of a government company​

Answer 1

Answer:

A Government company can be easily formed under the Companies, Act, just by an executive decision of the government. A government company can manage its affairs independently. It is relatively free from ministerial control and political interference, in its day-to-day functioning.

Answer 2

A government company is a company that is owned and managed entirely by the government.

Explanation:

• A government company is owned, operated, and managed by the government. Its advantages are as follows:
• A government company is free from the intervention of the general public.
• A government company generally functions for public welfare and not profit maximization. Due to this, goods and services by public companies are more affordable.
• Government companies have a huge amount of funds and capital and are financed directly by the authorities.
• The processes such as financial management, audit, budgeting, etc all are done by experts.