Reasons for the control of public corporation - SS2 Government Lesson Note

Public corporations are owned and operated by the government, and they exist to provide essential public services or goods. The government has a number of reasons for controlling public corporations:

• ·         Ensuring that essential services are provided: Public corporations often provide essential services such as healthcare, education, transportation, and utilities. By controlling these corporations, the government can ensure that these services are provided to citizens in an efficient and reliable manner.
• ·         Accountability to the public: Public corporations are accountable to the government and ultimately to the public. This means that they are subject to government regulation and oversight, and their actions are transparent and open to public scrutiny.
• ·         Protecting public interest: Public corporations are owned by the government, which means that they are run in the interest of the public, rather than for the benefit of private individuals or shareholders. This ensures that these corporations prioritize the public good over profit.
• ·         Promoting economic stability: Public corporations can play a role in promoting economic stability, particularly in times of economic uncertainty or recession. By providing essential services or goods, they can help to stabilize the economy and protect vulnerable populations.