Meaning of Commercialization, Privatization and Deregulation

Government S.S.S 2 Second Term

WEEK 2

Meaning of Commercialization, Privatization and Deregulation

Performance Objectives

Student should be able to:

          1. Explain the meaning of Commercialization, Privatisation and

              Deregulation

          2. Discuss reasons for Commercialization, Privatisation Deregulation

          3. Explain the merits and demerits of Commercialization, Privatisation

              and Deregulation

Content

 1. Meaning of Commercialization, Privatisation and Deregulation

 2. Reasons for Commercialization, Privatisation and Deregulation

 3. Merits and Demerits

 

Commercialization

This is a state policy of making its companies, enterprises, Parastatals etc more efficient and even more profit-oriented.

Reasons for Commercialization

1. Efficient management

2. Collective or individual ownership of enterprises

3. Revenue of enterprises.

4. Extinction of enterprises

Advantages of Commercialisation

1. Better Choice by Customers

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