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1)What do you mean by public …

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1)What do you mean by public enterprises? What are it's special features? 2)What do you mean by departmental organisation?Discuss it's merits and demerits.

Posted by Nagendralal Chakma 5 years, 2 months ago

CBSE > Class 11 > Business Studies

1 answers

Meghna Thapar 5 years, 2 months ago

Public enterprises are the form of business organization which are owned by government either fully or partially. There are different types of public enterprises such as public corporation, departmental undertaking and government company.

Features of Departmental Undertakings

It is established by the government, and its overall control rests with the minister. It is financed through government funds. It is subject to budgetary, accounting, and audit control. Its policy is laid down by the government, and it is accountable to the legislature.

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