JAMB Economics 2002 Question 46

Question 46

Business Organisations

The present privatization policy in Nigeria is aimed at

  1. A.reducing income inequality
  2. B.reducing the prices of goods and services
  3. C.poverty alleviation
  4. D.increasing efficiency in production
Show the answer and explanation

Answer: D (increasing efficiency in production)

Explanation

Privatisation sells government enterprises to private owners, who are expected to run them more efficiently.