Difference between Commercialization and Privatization

Difference between Commercialization and Privatization

Commercialization is a process of running state owned enterprises with the primary aim of making profit. This term makes it possible for state owned enterprises to explore all avenues of making profit.

While,

Privatization is the process of transferring ownership and control of industries, companies, corporations, etc, from the public sector to the private sector. This is done in recognition of the fact that private enterprises are more capable of handling production of goods and services efficiently for profits.

Click here to download “Difference between Commercialization and Privatization” as PDF.

Somtochukwu
Connect on

Somtochukwu

Economic and Financial Consultant | 08061388655

▪ Follower of Balancism.
▪ Educationists
▪ Publicity Personnel
▪Data Analyst Expert
▪Development and Financial Economist
Somtochukwu
Connect on

Latest posts by Somtochukwu (see all)

Leave a Reply

error

Enjoy this blog? Please spread the word about ‘Balancism’.