Economics » Business Organisations » Public Enterprises

Features of Public Enterprises

Public Enterprises are business organisations that are owned by the government. They come into existence through enabling Acts of Parliament, decrees, or edict in a particular state or country, e.g. Nigerian Ports Authority, State Water Corporation, etc.

Features of Public Enterprises

  1. They are usually owned by the government.
  2. They are established mainly for the purpose of rendering services.
  3. They rely on government subventions to survive.
  4. They are monopolistic in nature.
  5. They require large capital to start.

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