The difference between commercialized and privatized companies is that in the former

Assessment: JAMB UTME - Government - 2004 Subject: Government

Question 1 Report

The difference between commercialized and privatized companies is that in the former
Answer Details
Commercialized companies are those that are owned by the government and run as if they were businesses with the goal of generating profits. In contrast, privatized companies are those that have been sold off to private individuals or companies, who now own and operate them for profit. Therefore, the main difference between commercialized and privatized companies is that in the former, public ownership is dominant, while in the latter, private ownership is dominant.
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