Public Enterprise

Commerce SSS2 First Term

WEEK 5

Public Enterprise

Performance Objectives

The student should be able to:

      1. Explain the meaning of public enterprise.

      2. Identify the different sources of their capital.

      3. Discuss their respective method and its type.

Content

Definition of public enterprise

Public enterprises are also known as a statutory corporation is defined as business units that are set up and controlled directly or indirectly by the State or government. Sometimes, the government acquires all the shares in an enterprise to give the necessary control over the activities of such an enterprise.

Public enterprises are run by the government through the tax paid by the people. They are established by an act of parliament or…