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JAMB Economics 2008 Question 41

Question 41

Business Organisations

The economic policy of privatization came up as a result of the poor performance of

  1. A.commercial banks
  2. B.small-scale businesses
  3. C.public enterprises
  4. D.private enterprises
Show the answer and explanation

Answer: C (public enterprises)

Explanation

Government-owned enterprises were inefficient and loss-making, so they were sold to private owners.