WHAT ARE THE TYPES OF PUBLIC ENTERPRISES [PE]


The various types of Public Enterprises that have emerged in the country since political independence may be classified into four [4] categories viz:

-       PUBLIC UTILITIES: These are enterprises that produce infrastructural goods and services like Electricity, water, telecommunication etc. for which they are not expected to charge commercial rates.


-       STATUTORY CORPORATIONS: These are Enterprises which produces collective goods and services such as railways, ports, harbors, housing, transport, river basin development etc.

-       LIMITED LIABILITY COMPANIES: These are Public Enterprises that operate under the companies enactments in a competitive market and are expected to be financially viable and profit generating, Example, commercial, merchant and development banks, insurance companies, oil refineries, textiles etc.

-       SERVICE: These are Enterprises in which the degree of Government ownership and control tends to be total and whose activities are justifiable not business or market oriented and therefore cannot be self sustaining or profit generating. For example, Educational institutions, hospitals etc.
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