Disadvantages of public corporations
Answer Text: Disadvantages of public corporations-They are managed by political appointees who may not have the necessary managerial know how.-When they make losses, they are assisted by the government and this could lead to higher taxation of individuals-Lack of competition due to monopoly leads to inefficiency and insensitivity to customers feelings.-Political interference may hamper efficiency in the achievement of set goals and objectives.-Decision-making is slow and difficult because the organizations are large.-They may lack close supervision because of their large sizes.Public funds are wasted by keeping poorly managed public corporations