What differentiates between public corporation and public ltd company
- Thread starter Stardom22
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Public corporations is an organization or business started by government for the benefits of the masses , which allow individuals to be partakes in the business by offering them opportunity to invest in the business.
A public corporation is an establishment owned by a government whose aim is to provide service to the masses without a profit incentive.
A public limited company is owned by a group of people not lower than 50. It is private and it has profit maximizationn as it's core objective.
A public limited company is owned by a group of people not lower than 50. It is private and it has profit maximizationn as it's core objective.
Yes, you are right. Public corporation are owned by the government for the purpose of providing utility services to the public without the aim of making profit. While public Ltd are owned by individuals investors called shareholders with the aim of making profits.
The point that you raised is very valid because the public corporation are owned by the government.
