A parastatal is an agency or company that is partially or wholly controlled by the government. An advantage is that the company has the entire resources of the nation backing it, so one bad decision that might bankrupt and collapse a private company will not do so with a parastatal.
function of the parastatals
One of the advantages of parastatal is it receives financial support from the government since it is created in the interest of the public. One of the disadvantages is lack in government funding. In the event financial cutbacks are necessary.
A parastatal is an agency or company that is partially or wholly controlled by the government. An advantage is that the company has the entire resources of the nation backing it, so one bad decision that might bankrupt and collapse a private company will not do so with a parastatal.
A parastatal organization is one that has some authority in the government which is mostly political. Most of them will serve the country indirectly.
Companies are not invented. they are formed by their founders.
Daniel Ngowi has written: 'Some issues in parastatal privatization in Tanzania' -- subject(s): Privatization
Kay Muir has written: 'Maize marketing in east and southern Africa: increasing the efficiency parastatal systems'
When a trust is formed, a company or a group of people are able to control many other companies together.
When a trust is formed, a company or a group of people are able to control many other companies together.
An exchange formed and operated by a group of major companies in an industry to provide industry-wide transaction services.
The companies that formed the joint venture Euro Train are the French National Railways (SNCF) and the Swiss Federal Railways (SBB). These two companies combined efforts to make travel between the two countries more efficient.