A government corporation is one that the state owns and establishes to carry out a commercial task for the good of the public. A private corporation, on the other hand, is owned by private persons and was established primarily to make money.
What is a government corporation?
A government corporation is an organization that is wholly owned by the government and runs with the same autonomy as a private firm, with the exception that the government is the owner.
Government businesses are typically established in sectors where there is a natural monopoly, where the sector is essential to the nation's infrastructure, where valuable natural resources are at risk, or where there is a general public benefit.
Government companies come in three different varieties.
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