Question

Why does the government run public sector enterprises

Answer 1

$\huge\underline\mathtt\color{crimson}{Question:-}$

why does the government Run public sector enterprises ?

$\huge\underline\mathtt\color{crimson}{Answer:-}$

Government run public sector enterprises because they form purely for business reason and are commercial concern. The composition is so that the government centre, local or state owns a minimum of 51 % of the company and share it.The main attributes of the public sector enterprises are state ownership ,state control management, public accountability ,non profit movement , state privileges and regulation. They provide basic facilities like water, electricity which private sector will not provide or will provide with high rates. They give educational and health institutions to the socially and educationally backward people to make them come forward. public sector is important for both social and economic development. The advantage of the public sector enterprises are formation, membership, control , financing and share of profit. The features of public sector enterprises are government owned, government control and managed, separate legal Entity, perpetual succession, Autonomy, service motive, business motive, public accountability. The example of public sector enterprises are gas and oil, healthcare , fire service, emergency service, education, electricity, law enforcement and infrastructure. Government control the public sector enterprises.

$\huge\underline\mathtt\color{crimson}{Thank uuh }$