Commerce SSS3 First Term
The student should be able to:
1. Discuss of commercialization, privatization, deregulation and nationalisation.
2. Enumerate their advantages and disadvantages
Meaning of Commercialization
Commercialization can be defined as a policy geared towards making state-owned enterprises to become more efficient and profit-oriented.
Meaning of Privatization
Privatization can be defined as the transfer of management and control of property, business or industry from the government to the private sectors or individuals such as public companies and corporations. This is to allow for competition and efficiency.
Reasons for Commercialization and Privatization of Public Enterprises Below are.... View More
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