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
"Public enterprises are gigantic right from their initial stage" - Explain.
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Answer
Private sectors due to lack of required huge capital cannot establish giant sized units. It is established by government. As government itself is establishing business unit there is no question of fund arises. Government can establish gigantic industries out of the finance allocated for industrial development. Hindustan Steel Ltd., Bokaro Steel Plant, Bhilai Yojana are government enterprises.
Public enterprise is gigantic in size because it has strong backing of government. No obstacle arises in keeping its size very huge.
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