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JAMB Government 2004 Question 48

Question 48

Public Corporations

The difference between commercialized and privatized companies is that in the former

  1. A.public ownership is dominant
  2. B.government subsidizes costs
  3. C.profit motive is recessive
  4. D.private ownership is dominant
Show the answer and explanation

Answer: A (public ownership is dominant)

Explanation

Commercialization keeps government as owner while making the company run profitably without subsidies; privatization sells it to private owners.