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Funding a business
Reasons government should establish public corporations.
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[QUOTE="btaliat, post: 217250, member: 26390"] 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. [/QUOTE]
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Reasons government should establish public corporations.
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