Reasons for establishing public corporations - SS2 Government Lesson Note

Public corporations are established for several reasons:

• ·         Providing public services: Public corporations are created to provide essential services to the public such as transportation, energy, and communication services.
• ·         Generating revenue for the government: Public corporations are expected to generate revenue for the government through the provision of services, which can be used to fund public programs and infrastructure.
• ·         Regulating certain industries: Public corporations may be created to regulate certain industries and ensure that they operate in the best interest of the public.
• ·         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.
• ·         Achieving political goals: Public corporations can be used as a means of achieving political goals, such as promoting social equity, economic development, or environmental sustainability.