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Revision: The State and Economic Development >> Public Sector Enterprises Economic Applications (English Medium) ICSE Class 10 CISCE

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Definitions [1]

Definition: Public Sector Organisation
  1. According to Britannica Encyclopedia:
    “An undertaking that is owned by a central, state, or local government, supplies services or goods at a price and is operated on a more or less self-supporting basis is called a Public Sector Organisation.”
  2. According to Prof. Hansen:
    “Public Enterprise means state ownership & operation of industrial, agricultural, financial & commercial undertakings.”
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