Government corporations are the industries that operate much like private Business.
Further Explanation:
A Government corporation is a company that is owned by the government but that independent company operates same as a private company. These companies are usually created in such industries where is is scope of creation of monopoly. The model of government corporation is used by federal government for over more then a century. Spectrum of Size and Functions was covered by these governmental corporations. These corporations include postal services of United states, Federal deposit insurance corporation. Each government corporation is Charted by the act of Congress. Within the Executive branch itself, no other agency is responsible to supervise these government corporations. Congress at many times has thought of usage of these government corporations as option of attractive government. The government corporations work to serve the purpose of the government and also serves as the significant vehicle for the Privatisation.
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Answer Details:
Grade: High School
Subject: Economy
Chapter: Government Corporations
Keywords: Privatisation, Government, United States, Government Corporations, Congress, Supervise, Executive branch, Spectrum, Function, Companies.
