Difference between revisions of "Government Enterprises"
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== Definition == | == Definition == | ||
| − | '''Government Enterprises'''. A set of institutional units that have many of the characteristics of private businesses, but are owned by government. They sell their goods and services directly to the public for a price and thereby recover a significant part or all of their operating costs. Revenue from such sales are considered enterprise revenue if the good or service is similar to those sold by private business and if the provision of that good or service is the primary function of the government unit. Examples of government enterprises include electric utilities, local transit, and the United States Postal Service.<ref>Concepts and Methods of the US Input-Output Accounts. K.J.Horowitz, M.A.Planting, 2009</ref> | + | '''Government Enterprises'''. A set of institutional units that have many of the characteristics of private businesses, but are owned by government. They sell their goods and services directly to the public for a price and thereby recover a significant part or all of their operating costs. |
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| + | Revenue from such sales are considered enterprise revenue if the good or service is similar to those sold by private business and if the provision of that good or service is the primary function of the government unit. Examples of government enterprises include electric utilities, local transit, and the United States Postal Service.<ref>Concepts and Methods of the US Input-Output Accounts. K.J.Horowitz, M.A.Planting, 2009</ref> | ||
== References == | == References == | ||
Latest revision as of 23:30, 13 November 2023
Definition
Government Enterprises. A set of institutional units that have many of the characteristics of private businesses, but are owned by government. They sell their goods and services directly to the public for a price and thereby recover a significant part or all of their operating costs.
Revenue from such sales are considered enterprise revenue if the good or service is similar to those sold by private business and if the provision of that good or service is the primary function of the government unit. Examples of government enterprises include electric utilities, local transit, and the United States Postal Service.[1]
References
- ↑ Concepts and Methods of the US Input-Output Accounts. K.J.Horowitz, M.A.Planting, 2009
