Step-by-step explanation:
Sure, I'd be happy to compare public corporations and public limited companies.
Ownership: Public corporations are usually owned by the government or a government entity, while public limited companies are owned by shareholders who buy shares in the company. The government owns a majority or all of the shares in public corporations, and they operate in the interest of the public, whereas public limited companies operate in the interest of their shareholders.
Sector: Public corporations typically operate in sectors that provide essential services to the public, such as utilities, healthcare, and transportation. These sectors are heavily regulated and require significant investment, so the government often gets involved in their operations. Public limited companies can operate in any sector, including consumer goods, finance, or technology.
Aim: Public corporations aim to provide essential services to the public at a reasonable cost and may have social or political objectives, in addition to financial ones. In contrast, public limited companies aim to maximize profits for their shareholders. The goal of public corporations is not to make profits, but to provide services that are essential for society.
Overall, public corporations and public limited companies differ in terms of ownership, sector, and aim. Public corporations are usually government-owned and operate in sectors that provide essential services to the public, while public limited companies are owned by shareholders and can operate in any sector. The aim of public corporations is to serve the public interest, whereas public limited companies aim to maximize profits for their shareholders.