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Class : 11
Unit : Business

Concepts of Public Enterprises

Ans : Public enterprises are government undertaking. They are the corporate body established under the sole ownership of government or incorporation with private undertaking. They are involved in the business activities to save the general public from private explain exploitation. They concentrate on the fulfillment of the needs of low income general people. At least 51% of share or totally hundred percent of share earned by government. The primary objective of public enterprises is to rendering service and secondary objective is to earn profit. According to A.H. Hanson, “Public enterprises mean state ownership and operation of industrial agriculture, financial and commercial undertakings.”
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