Public Sector Enterprises
ICSE · Class 9 · Commercial Studies
Complete topic list for Public Sector Enterprises in ICSE Class 9 Commercial Studies. Key concepts, sub-topics, and what to focus on for board exams.
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Topics in Public Sector Enterprises
Meaning and Features of Public Enterprises
- Public enterprises are industrial and commercial undertakings owned and controlled by the Central and/or State Governments.
- Public enterprise means state ownership and operation of industrial, agricultural, financial and commercial undertakings.
- State undertakings is meant the industrial, commercial and economic activities carried on by the Central Government or by a State Government, and in each case, either solely or in association with pri
Objectives and Rationale of Public Enterprises
- Public enterprises were set up to support rapid industrialisation.
- They help in planned growth by filling gaps in the industrial structure and maintaining balance between demand and supply.
- They support balanced regional development by setting up industries in backward and remote areas.
Arguments Against Public Enterprises
- Public enterprises are criticised for poor project planning.
- Many projects suffer from time and cost overruns.
- Heavy overhead expenses reduce efficiency because large amounts are spent on townships and infrastructure.
Forms of Organising Public Sector Enterprises
- There are three main forms of organising public sector enterprises.
- The three forms are departmental undertaking, statutory corporation, and government company.
- Departmental undertaking is the oldest and traditional form.
Key Concepts
Central concept: Public Sector Enterprises are industrial and commercial undertakings owned and controlled by the Government
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