Question

State any two utilities of government company

Answer 1

Answer:

A government company is a company in which the Government or State Government holds 51% or more of the paid-up capital. Government Company, also called Public Enterprise, State Enterprise. It works as other companies registered under the Companies Act.

Government is important to the company because:

The government can change the way businesses work and influence the economy either by passing laws, or by changing its own spending or taxes. For example: extra government spending or lower taxes can result in more demand in the economy and lead to higher output and employment.