Public Enterprises

Things to remember

• Public enterprises are established by the government contributing total or majority capital.
• Public enterprise is a state-owned organization, which is managed by the government.
• The characteristics of public enterprise are state ownership, state government, service motive, public accountability, perpetual succession and separate legal entity.
• To help economic development, to provide qualitative goods and services, to control monopoly, to provide import substitution, to save foreign currencies and to increase government revenues are the objectives of the public enterprise.