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JAMB Economics 1995 Question 27

Question 27

Business Organisations

One of the major advantages of public enterprises is that

  1. A.they are highly subsidized
  2. B.they are the largest employers of labour
  3. C.their operations are highly standardized
  4. D.they take prompt decisions and actions.
Show the answer and explanation

Answer: A (they are highly subsidized)

Explanation

Public enterprises receive government subsidies, so they can supply essential services at prices people can afford.