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JAMB Commerce 1995 Question 44

Question 44

Government and Business

The Federal Government made efforts at rendering public enterprises more efficient and profit-oriented through the process of

  1. A.privatization
  2. B.commercialization
  3. C.indigenization
  4. D.nationalization.
Show the answer and explanation

Answer: B (commercialization)

Explanation

Commercialisation keeps enterprises in government hands but makes them run like businesses and cover their costs.