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WAEC Commerce 1997 Question 62

Question 62

Government and Business

The reorganization of public enterprises to operate as profit-making ventures is known as

  1. A.privatization
  2. B.nationalization
  3. C.indigenization
  4. D.commercialization
  5. E.harmonization
Show the answer and explanation

Answer: D (commercialization)

Explanation

Commercialisation makes public enterprises run for profit while still owned by government.