JAMB Commerce 2005 Question 11

Question 11

Government and Business

Commercialization of government corporations brings about an increase in the level of

  1. A.money supply in the economy
  2. B.distrust among business operators
  3. C.competition among business operators
  4. D.social responsibility
Show the answer and explanation

Answer: C (competition among business operators)

Explanation

Commercialised corporations must make profits on their own, so they compete with private firms, increasing competition.