Distinguish in between commercialization and privatization any six points.
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Commercialization vs Privatization
Commercialization and privatization are two commonplace words or concepts having clear cut meanings. Hitherto free activity, when commercialized, becomes a source of income for some. On the other hand, privatization refers to limiting or annulling government control or interference in an activity and allowing private control to benefit individuals or corporations. Despite such clear cut difference, there are some who feel that there is much overlapping between commercialization and privatization, and hence cannot differentiate between the two. This article tries to highlight the features of both concepts to make the concepts clear to all the readers.
Commercialization and privatization are two commonplace words or concepts having clear cut meanings. Hitherto free activity, when commercialized, becomes a source of income for some. On the other hand, privatization refers to limiting or annulling government control or interference in an activity and allowing private control to benefit individuals or corporations. Despite such clear cut difference, there are some who feel that there is much overlapping between commercialization and privatization, and hence cannot differentiate between the two. This article tries to highlight the features of both concepts to make the concepts clear to all the readers.
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