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JAMB Government 2007 Question 49

Question 49

Public Corporations

Deregulation as an economic policy borders on

  1. A.the removal of subsidies on public utilities
  2. B.the removal of restrictions and extension of competition
  3. C.privatization
  4. D.commercialization.
Show the answer and explanation

Answer: B (the removal of restrictions and extension of competition)

Explanation

Deregulation removes government controls and lets more firms compete in the market.