What is meant by Public Corporation?
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"Public corporation" means an entity that is created by the state to carry out public missions and services. In order to carry out these public missions and services, a public corporation participates in activities or provides services that are also provided by private enterprise.
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A company whose shares are publicly traded and are usually held by a large number (hundreds or thousands) of shareholders. ... A government owned company such as an airline or public transit company. See also corporation sole
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