parastatal

Meanings

• noun

  A parastatal is a government organization that operates outside the regular governmental structure, but is still dependent on government funding and control.

  - "The parastatal was responsible for managing the country's water supply."
  - "The parastatal's actions were subject to government oversight."

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Synonyms

quango

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Variants

List of all variants of parastatal that leads to same result
parasitic , parasitical , parasitically , parasite , parasites

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Etymology

origin and the way in which meanings have changed throughout history.

Derived from the Greek word 'para' meaning 'beside' and 'stasis' meaning 'standing', parastatal refers to an organization that stands beside the regular government structure.

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Trivia

Any details, considerations, events or pieces of information regarding the word

1. Parastatals were first established in the late 19th and early 20th centuries as a way for governments to manage essential services without relying on private companies.

2. Parastatals have been criticized for their lack of accountability and transparency, leading to calls for their privatization or reform.

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Related Concepts

informations on related concepts or terms closely associated with the word. Discuss semantic fields or domains that the word belongs to

1. Quasi-governmental organization: A term used interchangeably with parastatal to describe organizations that are not part of the regular government structure but are still subject to government control.

2. Public enterprise: A business owned and operated by the government, often managed as a parastatal.

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Culture

Any cultural, historical, or symbolic significance of the word. Explore how the word has been used in literature, art, music, or other forms of expression.

Parastatals have played a significant role in many countries' economic development, particularly in Africa and Asia. They are often used to manage essential services such as water, electricity, and transportation.

How to Memorize "parastatal"

1. visualize
   

   - Imagine a government organization operating independently but still under government control. Visualize it managing essential services such as water or electricity.

2. associate
   

   - Associate the word parastatal with essential services and government control.

3. mnemonics
   

   - Create a mnemonic by remembering the Greek roots of the word: Para (beside) and Stasis (standing).

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