The role of public enterprise as a wheel of economic growth in the millenium era
A Public Company or a Public enterprise is a company which has its registered stocks and bonds for sale to the general public through a stock exchange. The term Public company is also used for a government owned company.
A Public company is very beneficial for the economy as a whole. It helps the company to raise funds, without having to borrow from outside sources. This helps in boosting the economy because the funds are coming in and the company can grow and diversify.
It also helps in the working of the stock exchange. As the stocks are listed on the stock exchange and if they are traded well, there is going to be an upward trend in the economy.
It is a necessity for the development of a state or nation