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Discuss Three Problems of Public Corporation


Require Large Capital: The cost of establishing a public corporation is very high, i.e large capital is involved.
Inefficiency In Operation: Lack of competition can bring about inefficiency in business operation.
Not Profitable: Most public enterprises are run at a loss because they are too large and complex to manage.
Wastage: In public enterprises, wastes are not acknowledged because they believe that the loss do not affect them but rather only those paying tax.
Government Interference: Government can interfere in the activities of public enterprises through the appointment of unqualified and incompetent people as board members.
Corruption And Mismanagement: Many public enterprises in Nigeria have become the major areas for embezzlement and mismanagement of the nation’s resources.

Oluwamuyide Peter

My name is seyi, the main aim of creating this platform is to help users get information like school updates, electrical engineering topics and many more for free

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