state tje changing role of public enterprises
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As we know that in 1991 India opened up its economy and started the process of globalization. But also, through the same changes in economic policies, we embraced privatization. So the central and state governments relied on public enterprises to provide thee services to the economy. ...
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The role of public enterprises has been changing from public welfare to welfare-oriented with profit.
Explanation:
- Public enterprises are enterprises that are operated and managed by the government for public benefits.
- In the changing world of urbanization, modernization, and globalization, the role of public enterprises is also changing.
- Earlier the sole objective of these enterprises was to maximize public welfare but these enterprises are now focusing on the creation of goods and services and profit generation as well.
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