Question

which type of crown corporation is most similar to a privately-owned corporation .why

Answer 1

A crown corporation is any corporation that is established and regulated by a country's state or government. This is the opposite of private companies, which are privately owned, structured, and operated to serve the owners of the company. The government commercially owns a crown company.

Privatisation, as it has emerged in public discussion, is not one clear and absolute economic proposition. Rather it covers a wide range of different activities, all of which imply a transfer of the provision of goods and services from the public to the private sector. For example, privatisation covers the sale of public assets to private owners, the simple cessation of government programs, the contracting out of services formerly provided by state organisations to private producers, and the entry by private producers into markets that were formerly public monopolies. Privatisation also means different things in different parts of the world—where both the fundamentals of the economy and the purpose served by privatisation may differ.

A state-owned enterprise (SOE) or government-owned enterprise (GOE) is a business enterprise where the government or state has significant control through full, majority, or significant minority ownership.Defining characteristics of SOEs are their distinct legal form and operation in commercial affairs and activities.

The funding structures for crown corporations vary. Some are entirely government-funded, others are completely financially self-sufficient, profit-making entities. In the latter case, these crown corporations pay dividends, and the government, as the solitary stakeholder, collects profits.

All crown corporations have to undergo an annual audit; most have to submit annual corporate plans, operating budgets, and capital budgets for approval, and quarterly reports.