Advantages of public corporations
Answer Text: Advantages of public corporations-Initial capital is readily available because it is provided by the government-Can afford to provide goods and services at low prices which would otherwise be expensive if they were left to the private sector.-Most of them produce goods and services in large quantities thereby reaping the benefits of large scale production-Some are monopolies. They hence enjoy the benefits of being a monopoly e.g. they do not have to incur costs advertising since there is no competition-They can be bailed out/assisted by the government when in financial problems.-They have limited liability-They can afford to hire qualified personnel.
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