Public Sector Enterprise often referred to as state sector, government owned undertakings/enterprises or state-owned enterprises. These are formed under the legal proceedings, wholly or partly owned and controlled by the government and produce marketable goods and services, have an explicit or extractable budget, and are supposed to finance their operating costs from their own resources. Public sector enterprises are different from other two sub-sets of public sector, viz, the government and the public sector institutions. In a public sector enterprise, the majority of equity shares is owned by the government directly or indirectly through governmental institutions and the government has decision making control either directly or through its appointed bodies. Public sector enterprise normally has three forms of organisational structure, the departmental undertakings, statutory corporations and joint stock companies.
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Source: Asiatic Society of Bangladesh