The Post Office is, at one and the same time, the oldest and the youngest of the nationalised industries. Organising a postal service is a traditional function of the State. It was obviously important for a ruler to be able to receive and dispatch letters with the greatest speed. If the distance to be travelled was considerable, roads had to be built and posting stages organised with reserves of horses. The Greeks admired the Persians for the excellence of their posts.
KeywordsWage Rate Financial Target Postal Service Traditional Function Capital Debt
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