The main purpose for establishing a public corporation is to
The main purpose for establishing a public corporation is to
- A) provide employment
- B) provide essential services
- C) make profit
- D) establish monopoly
Correct Answer: B) provide essential services
Explanation
A public corporation is established for a specific purpose. The question is asking about the main purpose for establishing a public corporation.Public corporations are government-owned entities that are created to carry out specific functions and provide services to the public. These corporations are usually established to provide essential services, such as transportation, communication, healthcare, education, and utilities like electricity and water supply.
Option B, provide essential services, is the correct answer because the main purpose of establishing a public corporation is to ensure that these important services are available to the public. The government takes control of these services to ensure that they are accessible, affordable, and of good quality for the benefit of the citizens.
Options A, C, and D are not the main purposes for establishing a public corporation. While public corporations may create employment opportunities, their primary objective is not to provide employment (Option A). Making profit (Option C) is not the main goal of public corporations, as they are not driven by profit maximization but rather by providing services in the public interest. Lastly, establishing a monopoly (Option D) is not the purpose of a public corporation as monopolies restrict competition and can lead to inefficiencies in service provision.
In summary, the main purpose for establishing a public corporation is to provide essential services to the public.