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WAEC Commerce 2005 Question 2

Question 2

Government and Business

Which of the following is an advantage of indigenization?

  1. A.Checks exploitation by citizens
  2. B.Business risks are shared
  3. C.Fosters self-reliance
  4. D.Leads to monopoly of power
Show the answer and explanation

Answer: C (Fosters self-reliance)

Explanation

Putting businesses in citizens' hands makes the country more self-reliant.