Question

Name a form of ownership that is represented by South African broadcasting corporation (SABC) and outline four characteristics of this form of ownership
​

Answer 1

Answer:

State ownership

Explanation:

State ownership, or government ownership, or public ownership, is a form of ownership were the government owns or partly owns as well has control over a business with the revenue from the business or establishment being added as benefits accruable to the welfare of the public

The characteristics of a state ownership are;

1) State ownership means that the government is the owner, or part owner of the establishment, where part ownership belongs to the public

2) The main purpose of a state owned business is not to make profit, but rather to provide public welfare, that benefits the residents of the country

3) The profits from the business are entered into the treasury of the state and are used to carry out public welfare projects

4) The employees of the government are the managers of the establishment which is subject to bureaucracy, and the business is operated with a state selected board of directors

5) The government determines the manner of stability present in the business, as well as the winding up of state owned businesses that have no function

6) The state owned business is operated by the laws and policy if the business and it is therefore recognized as an autonomous body