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WAEC Commerce 2008 Question 45

Question 45

Government and Business

One disadvantage of indigenization is that it

  1. A.discourages foreign control of an economy
  2. B.encourages local retention of profits
  3. C.encourages the participation of indigenes in economic development
  4. D.discourages foreign investment.
Show the answer and explanation

Answer: D (discourages foreign investment.)

Explanation

Forcing foreigners to give up ownership can scare away foreign investors.