Question

parastatal and co-operative

Answer 1

parastatal(Noun) A company, agency, or intergovernmental organisation, that possesses political clout and is separate from the government, but whose activities serve the state, either directly or indirectly.

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Answer 2

Parastatal Bodies (PSBs), set up by specific Acts of Parliament, are organisations which form part of the Public Sector. They are of utmost importance to the economy and social development of the country.

A cooperative is a private business organization that is owned and controlled by the people who use its products, supplies or services. Although cooperatives vary in type and membership size, all were formed to meet the specific objectives of members, and are structured to adapt to member's changing needs.