Public corporation is the innovation of 20th century. The basic features are:

Public corporations, a 20th-century innovation, are government-owned entities managing commercial activities, like utilities, balancing public service and profit. Studying this highlights their role in economic development, the challenges of government-business integration, and their impact on efficiency. It also offers insights into how public entities drive growth, providing lessons on balancing public welfare with commercial viability in state-run enterprises.