The major reason why government sets up Public Corporations is
Answer Details
The major reason why government sets up Public Corporations is to provide utility services to the public at minimal costs.
Public Corporations are entities established by the government to provide essential goods and services to the general public, which may not be profitable for private businesses to undertake. These corporations operate in various sectors such as transportation, healthcare, energy, and education, among others.
The government establishes Public Corporations to ensure that the essential services and goods are provided to the public at an affordable cost. The services may include providing electricity, water, public transportation, and healthcare, among others. The government usually subsidizes the services to ensure that they are affordable to the public.
While Public Corporations may generate profits, the primary focus is not profit-making. Instead, the focus is on providing essential services to the public that may not be provided by the private sector.
Therefore, the correct answer is: to provide utility services to the public at minimal costs.