Business Studies

Feature(s) of a public corporation is/ are ________________________.


ANSWER

The primary motive of the corporation is public service rather than private profits


SOLUTION
Public sector refers to government-owned organizations and government provided services. Private sector refers to organizations that are not government owned and the goods and services provided by organizations outside of the government. For example, companies owned by individuals are part of the private sector.
Service Motive The primary motive of Public corporations is to provide services to the people and not to make profits. These organizations are expected to provide goods and services at a cheaper rate. Public Accountability A Public Corporation is accountable in the Parliament or the State Legislature.
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Single Correct Medium Published on 18th 08, 2020
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