Public Sector, Private Sector and Global Enterprises — OCM STD 11 Commerce — Question
Gujarat BoardEnglish MediumSTD 11 CommerceOCMPublic Sector, Private Sector and Global Enterprises3 Marks
Question
Explain the changing role of public enterprises in the present context.
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Answer
Changing Role of Public Enterprises in the Present Context:
From Monopoly to Competition: Earlier, public enterprises enjoyed monopoly in key sectors, but now they face competition from private and foreign companies.
Focus on Efficiency: There is increased pressure on public enterprises to improve efficiency, reduce losses, and become self-sustaining.
Privatization and Disinvestment: The government is reducing its stake in some public enterprises to encourage private participation and improve performance.
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