The primary essence of a public corporation is__________
Answer Details
The primary essence of a public corporation is public utility.
A public corporation is a legal entity that is created by the government to perform a specific public function. The primary purpose of a public corporation is to provide essential services to the public, such as transportation, water supply, and electricity, among others. These services are necessary for the well-being of the general public, and as such, the public corporation is created to ensure that they are efficiently and effectively provided.
While a public corporation may generate revenue and make a profit, the main focus is on providing public services rather than maximizing profits. As a result, a public corporation is subject to more regulation and oversight than a private corporation, as it is accountable to the public and the government.
In summary, the primary essence of a public corporation is public utility, as it is created by the government to provide essential services to the public rather than to maximize profits or formulate government policies or resolve administrative disputes.