government corporation

A government corporation is a unique entity created by the government to provide specific services or products that are typically commercial in nature. It operates like a business, generating revenue through fees or sales, but it remains owned and overseen by the government. Examples include postal services or transportation agencies. These corporations aim to combine the efficiency of private companies with the public interest focus of government, often handling services that are vital but may not be profitable enough for private sector companies to provide on their own.