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WAEC Commerce 2002 Question 45

Question 45

Government and Business

A major reason why government regulates business activities is to

  1. A.prevent producers from selling at profit
  2. B.provide employment to school leavers
  3. C.ensure fair practices and consumer protection
  4. D.force producers to export more goods
Show the answer and explanation

Answer: C (ensure fair practices and consumer protection)

Explanation

Government regulation aims to ensure fair dealing and protect consumers.