Q.Define a Government Organisation (Public Enterprise).
A Government Organisation, also called a Public Enterprise or Public Sector Undertaking, is a business unit that is owned, financed and ultimately controlled by the Central Government, a State Government, or jointly by both, and is answerable through the Legislature/Parliament for its working. Unlike a sole proprietorship, partnership, joint stock company or cooperative society — all privately owned — a Government Organisation is set up mainly to serve a public purpose (essential services, large infrastructure, balanced regional development, strategic self-reliance), with earning a profit treated as a desirable measure of efficiency rather than the sole reason for its existence.
A Government Organisation is a business unit owned/controlled by the Central and/or State Government, run mainly to serve public welfare and national development rather than purely for private profit.
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