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WAEC Commerce 2016 Question 9

Question 9

Government and Business

An economic policy which encourages government ownership of businesses is called

  1. A.Privatization.
  2. B.Nationalization.
  3. C.Indigenization.
  4. D.Commercialization.
Show the answer and explanation

Answer: B (Nationalization.)

Explanation

Nationalisation is government taking over ownership of businesses.