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Basically a public enterprise is the one which is controlled by government. However, there are many states which do not agree with this simple definition of public enterprise. Therefore, more precisely, a public enterprise is the company which is either completely or partly owned by the state or in other case it is controlled by a public authority. Sometimes public enterprises are operated as public ownerships. Some examples of the public enterprises include Utility companies like gas, electricity, etc. The basic objective of a public enterprise is the public interest. The expenditures of the public enterprises are carried out by the regular operations of the company and the capital is provided by the treasury.
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