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Definitions from the Web

Parastatals

Noun (plural): parastatals

Definition: Government-owned corporations or agencies that operate in commercial or industrial sectors.

Sample sentence 1: The parastatals in the country play a significant role in the economy by providing essential services to the citizens.

Sample sentence 2: The government decided to privatize some of the parastatals to encourage competition and improve efficiency in the market.

Related products on Amazon:

• Government-Owned Corporation Books
• Privatization Books