Everything you need to know about the types of public sector undertaking. Public sector organizations are those organizations that are owned, controlled and financed by the Government of the country. These organizations are controlled either by State or Central Government or Local Authorities. They play a crucial role in the economic development of the nation. The public sector was given [...]
In this article we will discuss about:- 1. Principles of Pricing in the Case of Public Enterprises 2. Machinery for Price Fixation 3. Guidelines. Principles of Pricing in the Case of Public Enterprises: What pricing policy should a Public Enterprise (PE) adopt? It is a complex problem and is not possible to lays down, general principle of pricing that should [...]
The question of autonomy versus public accountability assumes special significance in context or the public sector enterprises which are owned by the Government and managed either by the Government itself or by any other agency appointed by the Government for their management. Autonomy means independence to take decisions for timely and quick action. Public accountability implies that these enterprises should [...]