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Q: What are the Features of parastatals?
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What are the causes of financial failure in parastatals?

Mismanagement of the parastatals by the top management is one of the causes of financial failure. Corruption and the use of the traditional methods are also the other causes of the financial failure in parastatals.


Difference between parastatal and public corporation?

A parastatals is a government organization. They do what the government tells them. A public corporation is owned by the members of the public, via shareholding.


Advantages and disadvantages of parastatals?

A parastatal is an agency or company that is partially or wholly controlled by the government. An advantage is that the company has the entire resources of the nation backing it, so one bad decision that might bankrupt and collapse a private company will not do so with a parastatal.


How is a parastatal formed?

A parastatal is typically formed by the government through legislation or executive order to undertake specific tasks on behalf of the state. It operates semi-autonomously but is ultimately accountable to the government. Parastatals are usually created to provide essential services or support government policies.


What are physical and natural features?

physical features are features in which you can observe by your eyes.


What does economic features mean?

economic features are features that the economy has


What does features?

Geographical features are the components of the Earth. There are two types of geographical features, namely natural geographical features and artificial political features. Wikipedia


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