WAEC - Economics (2008 - No. 17)
A business outfit is said to be a public limited company when it
is owned by the government
operates as a public corporations
is run by the public
sells its shares to members of the public
Forklaring
A public limited company is a company that sells its shares to members of the public and whose liabilities don't affect the private properties of its owners in the event of a liquidation. It means that the liability is limited to the amount invested