passwella.
Menu

WAEC Commerce 1993 Question 21

Question 21

Government and Business

Which of the following is not an important reason for government ownership of industries?

  1. A.Provision of essential services
  2. B.Large capital requirements
  3. C.Avoiding duplication of services
  4. D.Preventing private monopoly
  5. E.Making high profit
Show the answer and explanation

Answer: E (Making high profit)

Explanation

Public enterprises are set up mainly to provide services and protect the public, not to make high profits.