Parastatal

Pronunciation: /ˈpɑɹˈɑstəˈtɑɫ/

Parastatal (noun)

  1. A business that is owned or controlled by the government.

Examples

  • A parastatal can provide essential services to the community.
  • A parastatal is a company owned by the government.

Common collocations: state-owned enterprise, public sector investment, government funding

Synonyms of Parastatal

Formal

Neutral

Antonyms of Parastatal

  • — Refers to entities not owned or operated by the government.