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JAMB Government 1994 Question 36

Question 36

Public Corporations

Privatization and commercialization of public enterprises in Nigeria will lead to further entrenchment of

  1. A.socialism
  2. B.capitalism
  3. C.welfarism
  4. D.fascism
Show the answer and explanation

Answer: B (capitalism)

Explanation

Privatization moves enterprises from public to private ownership. That increases private ownership of the means of production, which is capitalism.