Functions of public corporation - SS2 Government Lesson Note
Public corporations perform a variety of functions, including:
- · Providing essential public services: Public corporations provide services that are essential to the public, such as transportation, energy, and communication services.
- · Regulating certain industries: Public corporations may regulate certain industries and ensure that they operate in the best interest of the public.
- · Generating revenue for the government: Public corporations generate revenue for the government through the provision of services, which can be used to fund public programs and infrastructure.
- · Employing people: Public corporations provide employment opportunities, which can help to stimulate economic growth.
- · Contributing to economic development: Public corporations may contribute to economic development by investing in infrastructure and promoting innovation and entrepreneurship.
- · Ensuring accountability: Public corporations are accountable to the government and the public, which helps to ensure that they operate in a transparent and responsible manner.
- · Promoting social and environmental goals: Public corporations may be used as a means of achieving social and environmental goals, such as promoting social equity, reducing carbon emissions, or protecting natural resources.