Business Studies

The chief characteristic(s) of public enterprises is/are __.
$$(1)$$ Autonomous or semi-autonomous organization
$$(2)$$ Financed, owned & managed by the government
$$(3)$$ Primary objective of the establishment of public enterprises is to serve the public at lot of profit.


ANSWER

$$(1)$$ & $$(2)$$


SOLUTION
Public enterprises are autonomous and semi autonomous corporations and companies established, owned and controlled by the state and engaged in industrial and commercial activities.
The chief characteristics of public enterprises include autonomous or semi-autonomous organisation and they are financed, owned & managed by the government.
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