The website has the complete lesson note for all the subjects in secondary school but this piece showcases the SS3 Commerce Lesson Note on Commercialization. You can use the website search button to filter out the subject of interest to you.
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TOPIC: COMMERCIALIZATION
CONTENT:
SUB-TOPIC: 1 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 on the other hand 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.
Evaluation
SUB-TOPIC: 2 Reasons for commercialization and privatization of public enterprises
Below are the reasons:
EVALUATION
SUB-TOPIC: 3 Advantages and disadvantages of commercialization and privatization
Advantages are as follows:
Disadvantages are as follows:
SUB-TOPIC: 4 Differences between commercialization and privatization
Commercialization has to do with government’s re-enforcement of state-owned enterprises to make it more efficient and profit-oriented while privatization is the transfer of ownership and control of government-owned enterprises into the hands of private individuals.
Evaluation
SUB-TOPIC 5: DEREGULATION
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