What do you understand by the term of coordination of government.discuss its merits and demerits?
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Advantages of a Public Corporation
Some of the many advantages of a public corporation include the following:
Economies of scale
Easier planning and coordination
Autonomous set-up
Protection of public interest
Quicker decisions
Raising funds through private sourcing
Disadvantages of a Public Corporation
Some of the disadvantages of operating a public corporation include:
Difficult to manage
Risk of producing inefficient products
Financial burden
Political interference
Misuse of power
Consumer interests ignored
Expensive to maintain and operate
Anti-social activities, i.e., charging too much for a product
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