Public Sector Defined by Government Ownership

Steps:

• Define public sector as entities owned and controlled by the government to provide public services.
• Review each option to identify which must be government-owned.
• Eliminate private sector options like sole traders and companies.
• Confirm public corporations as statutory bodies created by government acts.

Why C is correct:

• Public corporations are government-established entities, like the BBC or NHS, operating under specific laws for public benefit without profit motives.

Why the others are wrong:

• A: Multinational companies operate privately across borders, owned by shareholders.
• B: Public limited companies are private firms with shares traded publicly, not government-owned.
• D: Sole traders are individual private businesses with full personal ownership.

Final answer: C