They are alike in that they:
- require infrastructure, facilities, and resources to function
- have a management hierarchy
- have many of the same human resources problems
- perform many of the same information and data processing activities
- are subject to legal scrutiny and oversight
government corporations do not perform a particular economic function.
Government corporations are in the public sector while government contractors are in the private sector.
The function of government corporations is to serve a public need, in various fields including transportation, finance, communications, and energy. Private corporations can determine their own consumer base and business plans.
The function of government corporations is to serve a public need, in various fields including transportation, finance, communications, and energy. Private corporations can determine their own consumer base and business plans.
They are run by boards of directors.
The government corporation are controlled by government while other or non-governmental corporation are controlled by members or share holders. Another difference between government corporations and private corporations is in the running of things. Private corporations have a number of decision makers who are considered to be stakeholders. Government corporations on the other hand are public companies that are run by civil servants on behalf of the public. Government corporations are unlike private businesses in that they may make a profit only to defer their costs. Most government corporations provide public services that may be too risky or expensive for a private business to undertake.
Government corporations are in the public sector while government contractors are in the private sector.
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>Government corporations
are not organized to make a profit, while private corporations are
Government agencies are in the public sector while government contractors are in the private sector.
Corporations.