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A government company is one in which at least 51% of the total share is owned by government & rest is owned by general public people. This definition applies to a company with public shareholders. In a "privately" government owned company, the government either has total control of the company's operation or determines the company's operations based on its initial agreement with the private owners.
In a free market economy, it's rare for governments to have direct or indirect control of a company they have agreed to own as a way to prevent the company to go out of business.
Of course, in a socialist economy, the government can own and control a company for the benefit of its citizens.
Wiki User
∙ 8y ago
Wiki User
∙ 13y agoA government owned (or controlled) corporation is generally referred to as a "nationalized" company.
Wiki User
∙ 8y agoFederal Deposit Insurance corporation
paulbenn
A state capitalist business
Wiki User
∙ 9y agokings lodge
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What are government corporations under control of?
executive branch
What are government corporations under the control of?
executive branch
Government corporations are under the control of who?
The executive branch
What do government corporations and private corporations not have in common?
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.
What do government corporations and private corporations have in common?
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.
What is one difference between government contractors and government corporations?
Government corporations are in the public sector while government contractors are in the private sector.
Who has the most control over a corporations?
The people who own the most shares in the corporation
Government corporations are under the control of?
executive branch
What are the functions of government corporations?
The functions of government corporations are mainly to avail government services to citizens. Most major cities will have offices to such corporations.
Government corporations and private corporations are different in all what ways except?
government corporations do not perform a particular economic function.
Do a single government own and control the internet?
*Does
What is a government owned and operated business called?
Government Corporations
