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Electoral Process5 Topics1 Quiz
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Types of Electoral Process5 Topics1 Quiz
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Electoral Process Continues - Proportional, Representation, Repeated Ballot, Direct and Indirect Elections5 Topics1 Quiz
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Ballot Systems | Types of Voting3 Topics1 Quiz
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Organization of Election4 Topics1 Quiz
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Electoral Commission and Electoral Officers4 Topics1 Quiz
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Public Opinion and Mass Media6 Topics1 Quiz
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Civil Service6 Topics
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Personnel Administration in the Civil Service5 Topics1 Quiz
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Public Corporation9 Topics
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Commercialization, Privatization and Deregulation of Public Corporations4 Topics1 Quiz
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Topic Content:
- Meaning of Commercialization
What is Commercialization?
Commercialization is the process of running a previously publicly owned and managed enterprise in such a way as to make it operate as a more efficient, profit-making venture.
In Commercialization, the ownership or government shareholding is not transferred to private ownership rather the enterprise is reorganised in such a manner that will improve its efficiency, and effectiveness and maximize profit. The enterprise is subjected to market discipline, while still remaining a public enterprise.
Reasons for Commercialization:
(i) The need to pull the economy out
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