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What are the demerits of privatization commercialization in Nigeria?
Wiki User
∙ 12y ago
1 Increase the price of goods and services, the price of goods and services will go up since private owners can only make profit by charging reasonable price against government who usually render assistance for the people.
2 It may cause unemployment in Nigeria due to private owner that is in control now, what i mean is this private owner may want to increase their profit, and for them to meet up with maximize profit, they will have to reduce workers. and this may also lead youths into arm robbery and prostitutions.
Wiki User
∙ 12y ago
Wiki User
∙ 11y agogovernment ownership of business
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What is the difference between commercialization and privatization?
Commercialization is the process of making a business or product more public. Privatization is the opposite process in terms of conducting the business.
What is Commercialization and Privatization?
Privatization is used in government terms. It is when a government program goes from being government run to being run by a private corporation. Commercialization is when something new is put on the market. This can be a product or service.
Differences between Privatization Commercialization?
Privatisation generally refers to the process where businesses or assets which were formerly owned by the people (i.e. the government) are sold to private individuals or corporations to be run as (possibly) profit-making enterprises. A typical example of this would be breaking up a country's telephone monopoly into parts, and selling the parts to interested businesses.Commercialization generally refers to taking the product of research (whether private or public is immaterial) and building a business out of that idea. Usually, the term "commercialization" is used when taking a research idea and building a business around that idea. Taking a research result and making a product to sell is usually referred to as "productization". For instance, if research in psychology showed that hypnosis with a watch could produce weight loss, then creating a chain of walk-in hypno-theropy stores would be Commercialization, while selling a box with a pamphlet and watch in it would be Productization. The difference is a bit subtle, and may overlap.
What are the features of privatization in modern world business?
Features of privatization
Main reasons for privatization?
One of the reasons for privatization is to ensure that a firm or organization gets better management. Privatization may also be one way to improve on profits.
What is Privatization and commercialisation?
what do you understand by the terms privatization and commercialization in nigeria
What are the merits and demerits of the privatization policy in Nigeria?
Privatization developed a country's economy by strengthening the quality of the product.
What are the merits and demerits of privatization of VSNL?
merits and demerits of privatization of VSNL
What is the difference between commercialization and privatization?
Commercialization is the process of making a business or product more public. Privatization is the opposite process in terms of conducting the business.
The objectives of privatization on Nigeria banking industry?
Objective of Privatization and Commercialization in Nigeria. 1. To re-structure and rationalize the public sector in order to lessen the dominant unproductive investment in that sector. 2. To re-orientation the enterprises privatization and commercialization towards a new horizon of performance improvement, viability and overall efficiency. 3. To ensure positive return in public sector improvement enterprise. 4. To check the present absolute depence on the treasury of funding by otherwise commercially oriented and currently approach to the Nigeria market.
What is Commercialization and Privatization?
Privatization is used in government terms. It is when a government program goes from being government run to being run by a private corporation. Commercialization is when something new is put on the market. This can be a product or service.
What is the merits and demerits of privatization of nationalized banks?
This is a web with links to an example of a bank privatization [http://www.slvadvisors.com/News.htm]
What are the problems with privatization commercialization and deregulation?
Some potential problems with privatization, commercialization, and deregulation include reduced government oversight leading to inadequate regulation and enforcement, potential loss of public control over essential services or resources, and increased inequality or monopolistic behavior in the marketplace. These policies can also sometimes prioritize profit over the public good, leading to negative impacts on society or the environment.
What are the merits and demerits of clifford constitution?
clifford constitution introduced elective principle into Nigeria
What has the author Lawrence Okechukwu Azubuike written?
Lawrence Okechukwu Azubuike has written: 'Privatization and foreign investments in Nigeria' -- subject(s): Economic policy, Privatization, Foreign Investments
The effect of privatization on nigeria economy?
1 It wil bring reduction in goverment responsibility on the warefare of the society.
What are the disadvantages of commercialisation and privatization to a Nigerian economy?
The advantage of commercialize in Nigeria is that it has allowed private businesses to rise. The disadvantage of commercialism in Nigeria is that the prices of goods and services has risen.
