Question

When enterprises are owned, controlled and managed by the state on behalf of the people they are called?

Answer 1

Answer:

The different types of Public Enterprises are as follows.

(i) Government Department - is the oldest form of running a government activity and is freely held by the Central or State enterprises like the defense, railways, posts and telegraphs, etc.

(ii) Public Corporation - They were popular as an enterprise after the First World War.

(iii) Government Company - The Companies Act of 1956 states that a government company is one in which more than 51 percent of the share capital is controlled by the Central Government or by a State Government or even partially by the Central Government and partly with one or more State Governments.

Answer 2

${\texttt {AnnyeongHaseyo Chingu}}$

$<b>$ A state-owned enterprise (SOE) is a legal entity that is created by a government in order to partake in commercial activities on the government's behalf.

=> It can be either wholly or partially owned by a government and is typically earmarked to participate in specific commercial activities.