Advantages and disavantages of parastatals companies
Advantages and disavantages of parastatals companies
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.
Advantages and disavantages of parastatals companies
A parastatal is typically formed by the government through legislation or executive order to undertake specific tasks on behalf of the state. It operates semi-autonomously but is ultimately accountable to the government. Parastatals are usually created to provide essential services or support government policies.
Mismanagement of the parastatals by the top management is one of the causes of financial failure. Corruption and the use of the traditional methods are also the other causes of the financial failure in parastatals.
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.
Who gains control of the government eventually and why?
The government's control over the capital has beenceased.The government's control over the capital wasceased.The government's control over the capital will beceased.
Answer this question…To accept the control of the government over their lives
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.
The king (pharaoh) keeps control of the government