1994 WAEC Commerce Theory Explain any five ways in which nationalised industries differ from public limited companies.

Explain any five ways in which nationalised industries differ from public limited companies.

Differences between Nationalized Industries and Public limited Companies are
	Public limited companies	Nationalized companies
Ownership	shareholders	Government
Objective	To maximise profit	To provide essential services for the people
Control	Controlled by board of directors	Control by board of directors appointed by the minister
Capital	Through selling of shares nd debentures	Provided by the government
formation	Through in corporation at corporate affairs commission	Acts of parliament
Privacy	Account must be published to the public	Accounts are not usually published. Not mandatory
Annual general meeting	It is compulsory	It is not compulsory