When business enterprises are owned, controlled and operated by government authorities, with welfare as primary and profit as secondary goals, they are called as ______________
Answer & explanation
Correct answer: option 2
When business enterprises are owned, controlled and operated by public authorities, with welfare as primary and profit as secondary goals, they are called as public sector enterprises. Either the whole or most of the investment in these undertakings is done by the Government(s). These enterprises have the following forms of organisation:
a) Departmental undertaking
b) Public corporations
c) Government companies
a) Departmental undertaking
b) Public corporations
c) Government companies