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JAMB Government 1992 Question 38

Question 38

Public Corporations

One of the advantages of privatization is that it

  1. A.relieves government of its liquidity problem
  2. B.makes the poor to be richer
  3. C.gives private individuals control over public corporations
  4. D.make public corporations more effective.
Show the answer and explanation

Answer: D (make public corporations more effective.)

Explanation

Private owners run firms for profit, so they tend to cut waste and improve service, making former public corporations more efficient.