Public sector Enterprises

Industrial Economics

1. Dr. Sunita Sukhija
Assistant Professor
Govt. National Collage, Sirsa
Public Sector

2. Meaning of Public Sector
Public Sector enterprises are those part of
economic system which is controlled by
government. In other words, it refers to those
enterprises whose ownership and management
are directly in the hands of government. The
main objective of public sector is social welfare.
For Example
Steel Authority of India Limited
National Thermal Power Corporation
Oil and Natural Gas Corporation

3. Characteristics of Public Sector
Government Ownership
Government Management and Control
Financed by Government
Social Welfare
Financial Independence
Heavy Investment-useful for various sectors

4. Limitations of Public Sector
Lack of Flexibility
Poor Management
Delay in Decision Making
Lack of Innovations
Lack of Efficiency
Lack of goods variety

5. Thanks