Question

What are the forms of organization in public enterprises?Explain their features merit and limitations of each of them?

Answer 1

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Public enterprise is a business organisation wholly or partly owned by the state and controlled through a public authority.

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Answer 2

hey

Public enterprise stands for a concern owned and managed by the State or any other public authority. It also broadly refers to nationalized industries and institutions, which are engaged in production or supply of services.

In recent years, the Central and State Governments in India have established many public enterprises conforming to the Industrial Policy Resolutions of 1948 and 1956. The trend also has been in the direction of expanding the public sector. In view of this, the public enterprises are expected to play a much greater role in the coming years.

The public enterprises are organized by the following one or the other of the three important forms:

1. Government Department

2. Public Corporation

3. Government Company