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The Pros And Cons Of Crown Corporations

498 Words2 Pages

Without crown corporations, there wouldn’t be gas or electricity services. Those things are usually seen as not profitable for private enterprises to undertake. Things like gas or electricity are demanded by so many people, if a private enterprise decided to take over, they wouldn’t make that much of a huge profit. Crown corporations consider consumers’ interests. The government will step in and establish crown corporations whenever they feel like the wants of their citizens are not met. Public utilities owned and operated by crown corporations allow consumers to enjoy services (ex. transportation) for a lower price than a private enterprise would offer. The Bank of Canada is the nation’s central bank that was established in 1934 under the

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