JAMB Commerce 2004 Question 18

Question 18

Government and Business

One of the advantages of commercialization is that it

  1. A.encourages entrepreneurship
  2. B.increases the salaries of workers
  3. C.motivates government to establish more businesses
  4. D.gives workers on-the-job training
Show the answer and explanation

Answer: A (encourages entrepreneurship)

Explanation

Commercialised enterprises must run for profit without subsidies, which encourages enterprise and efficient business practice.