In past,government spread its net over wide rage of areas.In the development countries public enterprises was considered as an effective weapon of promoting equity and economic growth.Public enterprises estimated even in 19th century,but they were limited only to public utilities.
Particularly in developing countries public enterprises had covered wide areas.They had occupied commanding heights in the economy.These enterprises had been used as a tool to accelerate economic development,mobilise resources for economic development,provide employment to unitised for manpower and to utilise the unitised resources.However,in recent time,doubts have been raised regarding their effectiveness.The attention of the world has shift from nationalisation to privatisation.Nevertheless,the significance of public enterprises cannot be ignored in the context of protecting the interest of the people,improving their living standard and accelerating the pace of economic development of the country A.H.Hansen has,thus,rightly remarked,"Public enterprises without a plan can achieve something,a plan without public enterprises expanded rapidly during past five decades.
First of all it seems proper to make the meaning of public enterprises clear.Public enterprises have been given various names.They are called public sec tore undertaking,socialised industries,state-owned enterprises ,government enterprises,state enterprises ,Enterprise's is used in the government level.Due to this the term public enterprises creates confusion.In order to avoid confusion it is better to mention some of its definitions.But still the universally acceptable definition cannot be found.
According to A.H.Hasen"Public enterprises and operations of industrial,agricultural,financial and commercial undertakings.
According to World Bank "State owned enterprises are financially autonomous and legally distinct entities wholly or partially owned by Central or sub national government.
Particularly in developing countries public enterprises had covered wide areas.They had occupied commanding heights in the economy.These enterprises had been used as a tool to accelerate economic development,mobilise resources for economic development,provide employment to unitised for manpower and to utilise the unitised resources.However,in recent time,doubts have been raised regarding their effectiveness.The attention of the world has shift from nationalisation to privatisation.Nevertheless,the significance of public enterprises cannot be ignored in the context of protecting the interest of the people,improving their living standard and accelerating the pace of economic development of the country A.H.Hansen has,thus,rightly remarked,"Public enterprises without a plan can achieve something,a plan without public enterprises expanded rapidly during past five decades.
First of all it seems proper to make the meaning of public enterprises clear.Public enterprises have been given various names.They are called public sec tore undertaking,socialised industries,state-owned enterprises ,government enterprises,state enterprises ,Enterprise's is used in the government level.Due to this the term public enterprises creates confusion.In order to avoid confusion it is better to mention some of its definitions.But still the universally acceptable definition cannot be found.
According to A.H.Hasen"Public enterprises and operations of industrial,agricultural,financial and commercial undertakings.
According to World Bank "State owned enterprises are financially autonomous and legally distinct entities wholly or partially owned by Central or sub national government.
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