Public enterprises are owned by:a)Individual ownersb)Governmentc)Both government and individuald)None of the aboveCorrect answer is option 'B'. Can you explain this answer?

Question

Answer

A business that is either wholly or partially owned and operated by a government. State-owned enterprises are common throughout the world.

Answer

Public enterprises are owned by Government

Answer

Government

Answer

Now with the help of strategic disinvestment public enterprises owned by both govt.and indiavidual. ans should be C

Answer

Public enterprises are owned by the government. These enterprises are also known as state-owned enterprises (SOEs) or government-owned corporations (GOCs). They play a significant role in the economy and are involved in various sectors such as transportation, energy, telecommunications, banking, and manufacturing.

Government Control:
Public enterprises are directly controlled and managed by the government. The government appoints a board of directors or a management team to oversee the operations of these enterprises. The government also sets the policies, regulations, and objectives for these enterprises.

Reasons for Government Ownership:
There are several reasons why the government owns and operates public enterprises:

1. Public Interest: The government establishes public enterprises to serve the public interest and provide essential services to the citizens. These enterprises often operate in sectors that are critical for the development and well-being of the society, such as healthcare, education, and infrastructure.

2. Strategic Importance: Some industries are considered strategically important for the country's economic development and national security. In such cases, the government may choose to have ownership and control over these enterprises to ensure their stability and long-term growth.

3. Market Failure: In certain sectors, there may be market failures, where private companies fail to provide services efficiently or at affordable prices. The government steps in to fill this gap and ensure that essential services are accessible to all citizens.

4. Revenue Generation: Public enterprises can also be a source of revenue for the government. They generate profits, which can be reinvested in the economy or used to fund public services and welfare programs.

5. Employment Generation: Public enterprises often provide significant employment opportunities. The government ownership allows them to prioritize job creation and provide stable employment to a large workforce.

Conclusion:
In conclusion, public enterprises are owned and controlled by the government. They are established to serve the public interest, provide essential services, address market failures, generate revenue, and create employment opportunities. The government plays a crucial role in setting policies, regulations, and objectives for these enterprises to ensure their efficient and effective functioning.

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