It is a company that performs and bills for services that are typically offered by the private sector.
A government corporation is a federal agency that was created by Congress with the goals of providing a market-oriented public service and generating income that would roughly cover its expenses.
There are other examples from the US as well. Government corporations include, for example, the Federal Deposit Insurance Corporation (FDIC), United States Postal Service (USPS), and Environmental Protection Agency (EPA).
Independent organizations and governmental businesses exist to support the delivery of services to the general public, deal with issues that have grown too complicated for the government to manage, and maintain effective government operations.
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