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JAMB Commerce 2014 Question 23

Question 23

Government and Business

The major aim of establishing a public corporation is to

  1. A.establish a monopoly.
  2. B.provide essential services.
  3. C.provide employment opportunities.
  4. D.encourage specialization.
Show the answer and explanation

Answer: B (provide essential services.)

Explanation

Government sets up public corporations to provide essential services that private firms may not supply well or cheaply.