Reasons government should establish public corporations.

[PICKFORD]

A public Corporation is an association set up by an Act of Parliament whose sole design is to offer types of assistance to the general population at a sensible expense. A commonplace Public Corporation's administrations incorporate, yet are not restricted to, water, power, postal and media communications, and public telecom.

MOTIVATION BEHIND ESTABLISHMENT:

1. To give business: One of the purposes behind the foundation of a public company is to give work to individuals who might somehow be inactive. To work, a public enterprise requires HR. These HR should be enrolled and employed. The demonstration of enrolling individuals to work for a public company makes occupations for a nation's residents.

2. to build up an imperative industry:
The motivation behind setting up a Public Corporation is to set up businesses in region of the economy that the public authority considers significant or vital however that financial backers might be reluctant to put resources into because of the enormous capital required. Beside that, it is notable that interest in such areas of the economy consumes most of the day to appear. Hence, Public Corporations are framed to give such indispensable businesses to the economy.

3. This guarantees that costs are monitored:
One more justification behind the development of a Public Corporation is to bring down the costs of the labor and products it offers. Water, power, and other fundamental administrations are vital to individuals, yet when the arrangement
of these administrations is overwhelmed by private financial specialists, the costs might be far off for the vast majority. Notwithstanding, when the public authority offers these types of assistance through the foundation of Public Corporations, the costs become more reasonable to the overall population.

4. Established for political reasons:
At times state run administrations build up Public Corporations exclusively to accomplish a political objective. Accordingly, such Public Corporations are set up as an award for the individuals who decided in favor of a triumphant party. It is additionally some of the time used to convince individuals to cast a ballot in a specific course.

 

[Kingsley]

Generally when we set up businesses our objectives most times is all about profit making so we design and tailor our plans before setting up the business to make profit alone and so times to render little services. So if we consider the way things are done under the capitalist system of running an economy you will realise when thay their basic interest is how they can increase their profit and capital within a shout space of time, so they do not really put the end users as their major focus, the maximum utility that can be derive from thr product is not their major concern.

So when we consider the parastatals that are been built by the government unders the socialist system of leadership we will realise that it is established on the foundation of rendering essential service and although the government are also going to make profit but that is not their outright objective, rather their objectives is to make essential services available for all citizens in that geographical entity or target audience. At the same time the government also makes profit but the government is not always considering their profit net in the short term but in the long term. So the government should provide more corporations.

 

[Good luck]

It is a good idea for government to set up public corporation so as to help the masses and to also reduce unemployment in the country.Public organization set up by government will also create a lot of awesomeness in the market structure and how to reconstruct some things generally.It is the duty of government to help the masses in any way it can.

 

[Caramelle]

Governments should set up public corporations to set the standards for quality and pricing in some major industries. In a capitalist economy, private businesses are established with profit as the primary objective. Achieving profit will usually involve taking advantage of various market forces such as supply and demand. Public corporations serve as industry players that will provide products and services at reasonable prices, providing high-quality alternatives to private commercial establishments' products. They help prevent monopoly which can drive prices up. They also ensure a steady supply thus negating efforts by cartels to create artificial scarcity.

Although profit may not always be the primary motive of public corporations, they nevertheless contribute to the government's coffers through their income and tax payments. They also contribute to the economy by providing employment to citizens. Public corporations should be managed well and made profitable. Otherwise, it can become a burden to the state and may start losing its assets. In that case, the government will be forced to sell the public corporation and its remaining assets to the highest bidder or just close the business at a loss. It can't afford to support a badly performing corporation for long. For this reason, it has to appoint well-experienced executives and managers that are experts in their respective industries.​

 

[Moni]

Many people are suffering because of the lack of government cooperation. You are so right because this has lead into rural urban migration due to lack of government sectors but in all is good for the private business owners too.

The problem is the country will get low income because of lack of government businesses in the country so I also think it will be good for the government to open more businesses in a country.

 

[funmi]

Public corperation are very relevant and because they empowered the citizens of country with the basic things they require to become prosperous. When government provide more public corporations and empower the existing ones it's is most likely that there will be a better standard of living for her citizens. But government at all levels have determined and decided to be blind to their responsibility. And they have failed completly to look into areas that are so essential for them to focus on. The money meant yo establish more public corporations are been misused and been embezzled many of the times leaving the people to suffer an untold hardship

 

[btaliat]

Public corporations are government establishments that are set up by the Acts of Parliament to provide the necessary services for the people at cheaper rates and nit primarily to make profit.

There are many reasons why government may decide to create more public corporations but the major reason is that it doesn't necessarily mean to generate profit for the government.

The first reason is to provide employment for the teeming citizens. Public cooperation mostly try to make sure that the citizens are employed and this will equally increase the standard of living of the citizens and reduce drastically in the crime rate.

Government also needs to break the dominance of the monopolistic nature of some private individuals who exploit the citizens because they are the only one producing some sort of serbuxes. It is not a common scnerio that some private individuals do enjoy some monopoly of some services. In order to stop further exploitation from this company, government does create public corporations.


Another reason is that government does create public corporations when the resources or fund need for such corporation is too enormous to be handled by thr private sector. There are some projects that require large resources that only government has the financial ability to fund.

 

[Mataracy]

The reason why government should allow public corporation is that;
To make sure that competition is created between public and private organisations so as to discourage there existence.
To make sure that the price of the goods and services is well reduce to the bearest minimum so that the society will be able to enjoy it.
The existence of the public corporation will also allow home grow industry to be increase very well.
It will create a challenge between the private workers and public workers by boosting the intelligent of them so far there is challenge of the quality of the product in the market.

 

[Etini]

The main reason why the government does business is to offer services to the masses. That's why they engage in building roads, bridges and everything. But one thing I have come to see in business owned by the government is that they are not always properly managed. A government business us always a free for all kind of thing. There are so many businesses owned by government in my country but all are in a state kf decay. The government is for us all. That is the mentality.

That's why I think the private sector is best to run and manage businesses because they would ensure efficieny in order to make their profits. Government should just focus on creating enabling environment for the private sector to thrive and perform well. I can't send my child to a public school because it is not good enough. In my country, almost all parents send their kids to private schools.