A parastatal organization is one that has some authority in the government which is mostly political. Most of them will serve the country indirectly.
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 parastatals is a government organization. They do what the government tells them. A public corporation is owned by the members of the public, via shareholding.
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.
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'
A Civil Servant is a Government worker who works in the core ministry while a Public servant is government worker who is a professional and works in Government agency or parastatal
organization
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