Who owns public sector companies?

Public sector companies are owned and operated by the government. This government ownership can be at various levels, including national, regional, or local, depending on the specific context of the company. The primary purpose of public sector enterprises is to provide services and goods that benefit the public and to serve the interest of the community as a whole rather than to generate profit alone.

This differs from private sector companies, which are owned by private individuals or organizations aiming primarily for profit. Public sector ownership entails that the government has control over the company, making decisions that align with public policy and ensure that essential services are accessible to the populace.

The other options do not reflect the ownership structure of public sector companies, as they are not held by foreigners, local individuals, or non-governmental organizations but are specifically under governmental jurisdiction.