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public corporation
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What is public corporation? definition and meaning - pridesoccer.info
A public company is a corporation whose ownership is distributed amongst general public shareholders via the free trade of shares of stock on exchanges or over-the-counter markets. Although a small percentage of shares are initially floated to the public, daily trading in the market determines the value of the entire company. It is considered to be "public" since shareholders, who become equity owners of the company, maybe composed of anybody who purchases stock in the firm. Public companies are publicly traded within the open market, and a variety of investors buy the shares.
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A public corporation as a form of public enterprise was developed in the second half of 20th century. In fact, it is clothed with the power of government but possesses the flexibility and initiative of a private enterprise. A public corporation is wholly owned by state, that is, its entire capital is provided by the government.
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