Roles/functions of public enterprises
- provide goods and services that have low commercial profitability but having high social benefits
- reduce duplication and wastage of resources and goods
- provide employment opportunities
- promote investment
- provide employment opportunities
- protect customers/nationals from exploitation by private producer
- complement private sector and discourage monopoly
- encourage/mobilize savings
- ensure supply of goods that require high capital
- promote development of entrepreneurial skill
- promote equitable distribution of income
- improve balance of payment position
- reduce economic dependence/promote self-reliance
- promote infrastructural development
- encourage foreign investment/capital inflow
- encourage economic diversification
CATEGORIES Economics
TAGS Dr. Bbosa Science
Thanks