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Unilorin Post-UTME Government 2019 (Model questions) Question 39

Question 39

Public Corporations

One of the demerits of the privatization of public corporations in Nigeria is

  1. A.scarcity of goods and services
  2. B.higher cost of goods and services
  3. C.creation of unemployment
  4. D.inefficient service delivery.
Show the answer and explanation

Answer: B (higher cost of goods and services)

Explanation

Private owners aim at profit, so prices of the services usually rise after privatisation.