...‐owned enterprise to private individuals or institutions. However, as Nwankwo (1996) , and Dunsire et al. (1988) observe, there is no clear public – private dichotomy. Privatisations may involve the sale of minority shareholdings only; sometimes no share transfer to private individuals occurs...

... distinguished between private and public entrepreneurship by observing the significant political and administrative constraints on the latter. Public organizations have a more difficult time adapting to changing circumstances and innovating owing to constitutional, executive, legislative considerations, as well...