the main purpose of establishing a public corporation is to?
Answer Details
The main purpose of establishing a public corporation is to provide essential services. A public corporation is a type of business organization that is owned and operated by the government. The primary objective of a public corporation is to provide essential services that are important for the well-being of the public, such as healthcare, education, transportation, energy, and communication. Public corporations are created to ensure that these services are provided to the public in an efficient, cost-effective, and sustainable manner. They are not primarily established to make a profit or compete with entrepreneurs, although they may generate revenue to cover their costs and reinvest in their operations. Providing employment opportunities may be a secondary objective of public corporations, as they often require a workforce to deliver their services. Establishing a monopoly is not a typical objective of public corporations, as they are usually subject to government regulation and oversight to ensure fair competition in the market.