Question

Outline five differences between a public limited company and a parastatal

Answer 1

Public Limited Company	Parastatal
-Owned by private people who own shares -Directors are elected by shareholders -Main objective is to make profit -Profit realised belongs to shareholders -Initially financed through issues of shares.	-Fully owned by government -Directors are appointed by government - Main objective is to offer essential goods and services -Profit realised belongs to the state. -Initially financed by state or though state guarantee